Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Cressidaadr who wrote (49511)	5/1/2013 2:31:42 PM
From: Fintas	1 Recommendation Respond to of 221905

There are many ways to set one up. I just use the service from Dorsey. Years ago I used other. Bottom line though it's as simple as click to open and look. Dorsey puts up a picture. A fast glance lets one know. The tough part is understanding what one is reading. It will not make one a market guru. It will help to understand when a guru is talking crap up and down! What dorsey has done is develop a software to come up with their numbers. What I've worked on is to see beyond their software to recognize when a low is in and when a bounce is required. Their software does NOT give a range up or down. I have worked hard to get a range with an understanding one awe chit and so much for ranges. 3 was to the extreme in 2009. How extreme. Historically it was in the teens. That extreme saw the F go under 1, Ge go under 6, Jpm under 16, etc etc. Yet if all was sound re FA that was the time to BUY. We all know that now. Cept few were taking spx off the lows. Few were taking WYNN off it's lows etc. I was taking those I was very comfortable re FA. Back then many were suggesting there was NO FA. World coming to an end. Fact is many had solid FA but were victim to abnss. As stated Dorsey. provide 7 indicators. Each has it's own picture. Each has to be considered individually but also collectively. While I will look at those details I also look at a chart of IBM and look at it and say..hmmm computers are toppy need to roll left and what affect would that have on IBM. Or can IBM buck the trend. The ODDS favor the group. Exceptions in history have been MCIC back in 1979 ish. Yet groups tend to control movement. Hope it helps and good trading.

To: Cressidaadr who wrote (49511)	5/1/2013 3:04:27 PM
From: quote 007	5 Recommendations Read Replies (2) \| Respond to of 221905

i'll interject a comment--i think what fintas is telling you is dorsey looks at every sector--and within that sector there are a group of stocks--they than look at how many of those stocks within each sector are on a point and figure buy signal --so for example in precious metals there are only 8% of the stocks on a buy signal so precious metals has a bullish percent of 8%--the lowest sector on the bell curve currently--on the other side of the bell curve is insurance with 88% of the stocks in that sector on a point and figure buy signal- other sectors fall somewhere in between. what happens is the sectors tend to end up bunched at one end or the other at extremes--