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 : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: HeyRainier who wrote (4293)	12/12/1997 12:01:00 AM
From: LastShadow	Respond to of 120523

A little more on trendlines: I don't use trendlines for Mutual funds. My Modified Value Cost Averaging technique generates about three times whatever the performance for a given fund is over 20 years with a few minutes effort once a week, so I don't bother with trendlines there. As for Stocks, I never use the trendline method of connecting closes, only highs or lows to determine reversal patterns. Closes only work when the intrday trading range is fairly consistent, and I don't usually trade consistent stocks. For those that I do I rely on Bollinger bands, among other things. As for intraday data, the method I described is only good for 5 minute charts at best, more for 'within the day' Beyond that I use connecting highs on downtrends, connecting lows on uptrends with OHLC end-of-day data only. Too many tickers out there to look at to do more than that. I mainly use trendlines on the 5 minute chart to determine entry/exit limit prices, assess the effects of single large block trades and to visualize the trading psychology/patterns/volatility. The latter helps me when I see something out-of-range intraday. I either pay more attention or change a stop if anything. lastshadow