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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: Buzzy who wrote (707)	10/31/1997 5:54:00 PM
From: GeneM	Read Replies (1) \| Respond to of 12617

Buzzy: I think I said that I try to keep things as simple as possible, and this is the simplest I've seen: I use the 50 day MA to determine the overall trend; the 5 and 10 day MA's are used to set an Oscillator. When the 50 is trending up, and the 5 crosses above the 10, my Oscillator will give a positive indication. When both the 5 and 10 cross a rising 50, the Oscillator will usually register a plus 2 or more (depending on how fast the 5 crosses the 10); then, I try to make a move into the stk.. You'll never capture absolute bottoms this way, but you will be betting on something that at least has points on the board. In large and mid caps, you will most often have plenty of time (excluding the recent volatility) to pull the plug on the plus side even if you go through the top. Normally I'm out long before the top though. Rule #1, never give up a 2 point gain. Sometimes I find it hard to give up a 1/2 pt. gain. Most often though, when I catch a nice gain, I sell 1/2 my position and lower my risk; in which case, I become a position trader. You sound quite comfortable with TA. If such is the case, you can embellish by employing any filters that you feel might help. Again, I try to keep it as simple as I can. GeneM