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.

Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (27704)	2/3/1998 8:30:00 PM
From: Thomas G. Busillo	Read Replies (1) \| Respond to of 53903

Larry, I must confess... I was working on a handy-dandy spreadsheet this morning gridding out monthly and weekly H/L's <g> Also revisited Elder's Trading for a Living over the weekend. Would you consider a new monthly high this early to necessarily confirm a trend, or is it just a good point for a quick pop on a day trade? Elder recommends for someone like me (primarily a swing-trader looking for 2-5 day reversals) checking the MACD histogram of the weeklies to assess the long-term trend, using an oscilator on the dailies, and entering with a stop order when the daily trend is in the opposite direction of the long-term trend (as given by the weekly MACD's). Haven't tried working with MACD's of the weeklies. I guess my long-term trend "indicator" is FA (which I know a technician would say "that's not how you do it" to). I'm still too much of an "intuitive" type for my own good... ...some days <g> Good trading, Tom