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

To: Jurgen who wrote (8157)	3/23/1998 12:38:00 AM
From: Chris	Read Replies (1) \| Respond to of 12039

thought this post might be helpful: Subject: Stock Attack -- A Complete Analysis \| Previous \| Next \| Respond \| You have 1 unread message To: Skipperr (7192 ) From: Chris Sunday, Mar 22 1998 11:31AM EST Reply # of 7244 OSCIALLATORS VS. MOMENTUM continuing with the discussion on which type of indicators work best, i mentioned that overbought/oversold oscillators (ie: stochrsi, cci, stochastic, etc) work better in a consolidation mkt/environment. i said that momentum indicators (trix, macd, moving averages, momenutm) should be used in a TRENDING mkt (right now). if you look at this dell chart, geocities.com (hit the refresh button to insure latest image) you will notice: OB symbols in the price chart window. these are in fact my symbols whenever an overbought condition exists.. notice during the DELL rally, the OB very rarely called any pullback.. dell just kept on chugging upwards regardless of the ob condition. thus, my statements that when stocks are trending, put less weight on OB/OS oscillators. notice on the left side of the chart, around december 1997, there was an OB symbol and DELL did pullback form 45 to 40.. that was b/c DELL was not in a trending mode, and that was when the OB/OS oscialltors work the best. another example would be the early jan 1998 OB symbol. somewhat late calling the OB condition, but it clearly shows that a pullback was seen. and finally compare with the OB price action when DELL was rallying.. any pullback was nonexistant.. know your indicators and know when to use them... \| Previous \| Next \| Respond \| View 7 replies to this message View SubjectMarksBookmark this Subject Return to Market Trends and Strategies One or more words separated by spaces: Subject Titles Only Full-Text Messages with Links <Picture> Send questions and feedback to webmistress@techstocks.com Terms of Use