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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Mark[ox5] who wrote (4092)	12/9/1997 1:57:00 AM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

Do not forget trendlines, and lines of S&R. Also look at volume and how it responds to the short term trend of the stock, and even the stock's individual daily price movements. A projection of this into the world of TA indicators is OBV, Accum/Dist, and other related indicators. But these indicators are good at showing trends. It still would be a good idea to see individual day ticks to see how volume and price relate. This can be very revealing around S&R lines, and in consolidation patterns like the symmetric triangle. Later, you can work on the concept of overbought and oversold. You do not need TA indicators like Stochastics to see this principle at work, even though oscillators are an important tool in this area of TA. For instance, you can look at an overbought condition in a particular investment as the measure of risk of the stock moving down from its current price. This relates to a long position in the stock, and also it depends on your timeframe. One way to evaluate this is to see how high a stock's price is above a significant trendline or MA that can be used to describe its uptrend. The opposite would apply to short positions in the stock. The stock's trend, points of resistance to the motion of the stock's price such as tendlines and lines of S&R, and behavour of volume in relationship to price are some of the basic, essential concepts in TA. There are tools that can fit more than one category. For instanace, a properly chosen MA can be considered both as a point of resistance to the stock's price movement and an indicator of the stock's trend. IMO a technician can get far with a good understanding in terms of real-world use of these tools. TA does not have to be complex, just used with skill developed through a good understanding of the concepts behind the tools and experience using those tools. Bob Graham

To: Mark[ox5] who wrote (4092)	12/9/1997 2:38:00 AM
From: Chris	Respond to of 42787

spent the whole day at the library studying for my finals. never been in the library that long before <g>... will reply and post tomorrow. too tired. radaf looks good.. fib support at 18.00 (reverse roles).. next tgt resistance is the 19.00-19.50 (top channel line).. i think we can hit that.. not sure if we need a pullback to get there.. good volume today.. apco and rcmt -> success for my new trix/ma system.. will point out more.. i think THQI was a "scan hit" for my "holy grail" system <g>

To: Mark[ox5] who wrote (4092)	12/9/1997 4:04:00 AM
From: Chris	Read Replies (1) \| Respond to of 42787

Markox5: enjoyed reading your profile.. you're 24?? wow.. looks like we young ones are entering the investment world.. it's great.. we tend to bring new ideas... anyways, 1) dailystocks.com 2) i look at my charts in this order: price chart 9, 21, 50 day ema new ma system trendlines support resistance fib lines channel lines gann fanns indicators - momentum/trend new trix system macd weekly macd money flow oscillators - overbought/oversold stochrsi triplets cci rsi ===================================== hope it helps.. as you can see, i spend more time just looking at price chart... draw out the "lines" of the map and then use indicators to show which "streets" to take. feel free to post away... i like this discussion. what indictosr are you using? are you too late on your entries? too early?