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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: David R. Evans who wrote (7671)	1/8/1998 10:45:00 PM
From: freelyhovering	Respond to of 12039

Hooray for us, the beneficiaries. Myron

To: David R. Evans who wrote (7671)	1/9/1998 4:51:00 AM
From: shasta23	Read Replies (1) \| Respond to of 12039

HI DAVE! Thanks again for the post on exit strategies! I tried to look at a few charts with the different exit strategies but i will take a while because i'm slow to decide and need to see lot's of different charts to make up my mind. But it's a very good exercise for me to see which exit points i like. But of course this looking brings up new ideas and questions. To use the stochrsi(14) as exit signal when it crosses under 70 seems often a good exit. Timeframe is around 3-6 weeks in the charts i looked at which looks like a good time frame. It misses sometimes big chunks of movements though but maybe that's what you have to accept when using it. What bothers me more is what you do when Stochrsi(14) never crosses above 70 and turns down to head back into oversold territory. I know that this is a problem in system test because it would not get you out. But what do you do when you notice this pattern in your stock? It seems as if you must have an alternative exit strategy in place like crossing of the MACD(8,17,9) under 0. I assume that you don't manually override the sell signal if stochrsi(14) crosses under 70. So no waiting what will happen because the long term indicator still are running full steam!?? Last question: IF you see a stochrsi(14) cross through 30 you look at the stochrsi(8,5) too and you want it to be rising. Do you still buy if this parameter reaches a reading above 70 and is still going higher? ANy answer is appreciated... Stefan