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

To: Jurgen who wrote (8230)	3/30/1998 10:48:00 PM
From: Richard Estes	Read Replies (2) \| Respond to of 12039

Thanks for the kind words, I am sure I will drop in from time to time. We all have within ourselves the ability to learn and to share. I decided I needed to increase my efforts in my own trading for awhile. I want to get rich(G). I don't let gnats bother me. The decision to slack off awhile was for my benefit. I think Price has it over volume in the indices. the advance/decline line has lost a great deal of its value in last 10+ years, I see no correlation. The highs-lows are useful for intermediate turns. Highs over 300 reflect serious overbought, high under 30 reflect an oversold condition. lows above 100 and under 20 for OB/OS. I use trin and tick to call intraday. Dahl has come up lately, it is showing the primary trend. I use it to determine if I should be on the long or short side of a trade/index. It may not get bottoms or tops but it is often smarter than the "investor" on trend life. I have not found real changes to make to it except playing with MA type. Scan for true range over 1.62 on stocks under $30 noting that these stocks moved in one day over 5.4% move. see the large number, that is volatility and requires fast hands.

To: Jurgen who wrote (8230)	3/31/1998 4:06:00 PM
From: David R. Evans	Read Replies (2) \| Respond to of 12039

Hello Jurgen, MACD (13-34-89) is a fantastic Indicator and one that will never hurt you... In Fact, I have a template set up in MSWIN with three MACD's, (13-34-89), (8-17-9), and (12-26-89). When all three of them are in sync, watch out...... I do not watch the major indices but if I did I would use either MACD (13-34-89) or Dahl. As far as Volume, always look at PRICE first. As they always say, there are three things in trading, Price, Price, and Price.... If you really need to look at Volume try a 40-day MA on On Balance Volume (OBV), with the long signal being the OBV cross up through the 40 MA. Dave Evans