SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Timelord who wrote (3127)11/18/1997 10:10:00 PM
From: Tom L. French  Read Replies (1) | Respond to of 95453
 
Alex

I just took a look at my chart as saw that it got down to 20, but didn't actually get under; close enough as far as that goes because it definately turned up the day of the spinning top (and almost bullish harami). BTW I use charting software at the desktop and was posting here at my laptop, so I was not as accurate as I could have, should have been. Also my comment--also from memory--about the OBV turning up was DO not CDG. My apologies.

I also checked your IQ site and that chart is using a longer stochastic, not sure what. At one point I was going to subscribe to them for intraday charts, but didn't. I use Meta Stock charting software for end of day... for many reasons, not the least of which is that I hate (hate hate hate) to wait (wait wait wait) for the www to do its t h i n
g . <g>

I'd like to know more about how you confirm with the group's behavior. I put more focus on ranking stocks based on a slew of fundamentals, and comparing about 30 or 40 in this sector; once I pick ones I'd like to own I zero in on their charts and only buy if the chart indicates a good risk/reward, likely gain from long or short position.

Shorting is a good subject for these days I think. I'm planning to get more into shorting stocks because I think it's a skill that may become very useful if not essential to making short term money over the coming weeks and months. (I must sound very bearish, which I'm not really, long term anyway.) My approach is that with a very good and very strong but very volatile stock (like CDG), you know its going to correct so why not take the ride up and down. You definately make more money. The same TA applies both ways. And it helps me psycologically in that I get less invested in it going up, and being right about it going up. It's ok if it goes down, I'll take that ride too. Easy to say. Actual trading, of course, is very tricky, which is why we are not all billionaires already.

Regards,
TomLF