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Strategies & Market Trends : CHARTS AND TA, A UNIQUE APPROACH -- Ignore unavailable to you. Want to Upgrade?

To: D. K. G. who wrote (1240)	11/17/1997 11:30:00 PM
From: stan s.	Read Replies (1) \| Respond to of 1391

ABDR, Hey Denis, a pleasant dilemma but still a bit of a puzzle I agree. There are a number of ways to play this. geocities.com First of all let's admit it looks great and picked up an MACD buy today as well. Problem is on an uptrending stock like this one you are not going to get many buy signals 'cause it's not dropping into oversold...nice problem. Notice I drew in a loosely defined trendline. This line has held since the Bollinger break out. Also take note of the fact that when the RSI and Stochstics pulled down and triggered the sell signals (blue vertical lines) the price dropped to or near the trendline...blue arrows, main window. So a clue as to how to play it.....if you don't like to buy in and out, you could just keep an eye on the trendline and sell when it appears it's going to close below it. As long as it stays above...it will continue to move up..if it closes below it, a drop or basing might be in order. Or, you could still sell at the signal down cross of your choice and buy as it bounces off support...in this case the trendline which by the way is coinciding with the middle Bollinger...plotted here as the 20 day MA. One more thing, on this security right now the Stochastics are doing an unusually good job of signaling. Note the up cross of it's own dotted signal line (upper box, dark blue arrows). These are also buy signals...not generally used as frequently as the 20 and 80 trigger lines. Recently buys and sells based on the Stochastic dotted line cross would have worked well. My Stochastics are set on a 5,3,3. The simplest way would be to play the trendline. Good luck, Stan