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Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?

To: Dom B. who wrote (17263)	3/11/1998 7:59:00 PM
From: Zeuspaul	Read Replies (1) \| Respond to of 32384

>>RSI history, the line doesn't stay above 80 for long, what do you make out of this?<< big chart home.att.net little chart home.att.net I don't know what it means. The RSI and Stochastic indicators combine to make the green and red dot alerts. I experimented with different available alert combinations until I found one that represented Ligand historical performance. Perhaps Ligand is entering a new stage of development. Past performance would be less of an indicator if this is the case. d. perignon.....actually I prefer cash:)....or perhaps a Ligand Smoothie (clubhouse #27) The following is a description of the chart from the charting program WOW. 1. This chart contains indicator alerts that were generated with the "ALERT with %D and RSI" system. The indicator alerts are displayed as colored diamonds next to the price plot in chart pane #3. Quick Interpretation: Diamonds below the price plot indicate possible buy points based on simultaneous RSI and Stochastics measurements. Diamonds above the chart indicate possible sell points based on simultaneous RSI and Stochastics measurements 2. This chart also contains the "Stochastic Oscillator (simple)" indicator displayed in Pane #1. The Stochastic Oscillator shows closing price relative to the range of prices over a user-determined number of periods. Developed by George Lane, it is widely followed and is interpreted in a similar manner to RSI. Signals can be given from the crossing of thresholds, crossing of one or more of its own smoothings, and/or divergence with price. It is represented by three lines: %K, %D, and %D slowing. The solid line is the %K line, the dotted line is the %D line, and the dashed line is the %D slowing line. One useful interpretation of Stochastics can be when the %K and %D are above a threshold of 80 and %K then drops below %D, then they both drop below the 80 threshold, you have a good indication to sell. Similarly, to help determine buys, %K and %D should be below 20, with %K rising above %D. The version displayed uses simple moving averages. 3. This chart also contains the "Relative Strength Index" indicator displayed in Pane #2. The Relative Strength Index (RSI) is a price momentum indicator which depends solely on closing prices. RSI avoids the problems of erratic movement caused by dropping off the old data, the take away number that weakens the Rate of Change and Stochastics indicators. If the RSI is below 30 a buy should be considered. If the RSI is above 70 a sell should be considered. 4. This chart also contains the "Volume color coded to price changes" indicator displayed in Pane #4. This is Example Three from Chapter 5. It displays volume in a histogram format. Days in which the close price increased are shown in green, days in which the close price decreased are shown in red, and days that were unchanged are shown in blue.