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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: milesofstyles who wrote (12770)	2/26/1998 4:25:00 PM
From: James Strauss	Read Replies (3) \| Respond to of 79313

>>>what do you think this will do tomorrow with a close at 2.81, based on some of the other requests that you posted to doug to run thru the blender, i would guess you like it even more, seems i need help intrepreting some of my indicators, here's what i got now help if you will, rsi14 overbought,13.8.8 sto shows room, 7.3.10 sto overbought , moneyflow and obv good, what kind of weight would you put on the rsi and 7.3.10 sto... also when looking at a 3 day rsi what moving avg would you use...ie 14.9 and 3.? doug will you be covering some of these various time frames for indicators and their syncronization/relationships, for example the conflicting sto's, would this indicate a pullback before a continued move? also just picked up virtual investor by murphy, is this a good starting point or are there other books that might be better for some of these type of questions...<<< ********************************************************************** Miles: ASTN had a good day today... It's on its way to the next resistance level over 5.00... Here are the indicators and settings I use... Stochastics 89 3 MA Stochastics 13 MACD 5 8 MA MACD 13 RSI 14 21 ROC 13 With these settings you get a pretty good read on a stock's direction... I find ROC to be very sensitive... The MACD crossovers of the 13 day Average in conjunction with rising ROC is very positive... Also, watch regular Relative Strength to Nasdaq or S&P 500... You want to make sure this indicator is rising for long purchases... I haven't read the Murphy book... Authors, Thomas Meyers, Alexander Elder, Stan Weinstein, Vic Sperando, have good things to offer technically... Amazon.com will allow you to do an author search... Jim