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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?


To: Alan Aronoff who wrote (14005)1/30/1998 5:10:00 PM
From: Eleder2020  Respond to of 29386
 
>>>>I think the key is to find whatever MAs fit the chart of a certain stock and use them until they appear not to be meaningful anymore.<<<
I agree that this is key. Have a friend who does TA in bonds for one of the major banks. She charts everything but agrees with you and looks for charts that work and correlate with each other. They trade mostly on fundamentals but when her charts line up along with the moon and the stars about every 4 to 6 weeks they make a massive trade short or long based on her research. She certainly has got me looking at the MA's as well as the BB's,which she pointed out to me a few weeks ago that the BB's on ANCR were definately narrowing to a point that historically ANCR would be spiking soon.She follows stochastics very closely and to her volume and volume averages have a very high rating.
She would also say that liquidity, news driven factors,volatile volume swings,weeks of thin volume, also make it a tougher then usual day and intermediate trade but then again she specializes in TA for bonds where a few ticks for much of the year look like a trend.
Ed