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

To: Chris who wrote (4420)	12/27/1997 4:11:00 PM
From: Chris	Respond to of 42787

simple TA tools to use on indices Subject: Tech Stock Options \| Previous \| Next \| Respond \| To: Nancy Ho (20671 ) From: Michael Rich Monday, Aug 25 1997 2:30AM EST Reply # of 31999 Nancy and Judy, I will keep indices on the list. It's easier for me to maintain one list. People can use the data whatever way they wish. I watch indices very closely because I do some flip-flop trading. Even for people trading the trend, it's valuable to keep an eye on the forest and figure out good entries and timing on individual stocks. To all, the list has 5-, 13-, 20-, 50- and 200-day EMAs (exponential moving average), 9- and 20-day Bollinger Bands (2 standard deviation), and 10-day Wlilliams % R (based on closing price). For calculations and interpretations, please take a look at wsdinc.com. I use 50ema and 200ema to determine long-term trend, and ema crossovers to see the momentum and breakout/breakdown. BB is useful to confirm supports/resistances. W%R is a good indicator for short-term overbought/oversold (OB/OS). I often use w%r to determine when to buy pullbacks on uptrending stocks, namely, when w%r shows OS. Those are pretty basic TA stuff but work well for me. Also notice the stocks we watch are the ones, we think, have long term potentials. Michael