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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth R Miller who wrote (7606)4/17/1998 4:43:00 PM
From: Chris  Read Replies (2) | Respond to of 42787
 
for traders and other intersted in TA, buy the may issue of Stocks and commodities magazine.

-- good stuff on risk management in this issue
-- automated support/resistance
-- 2 indicators that go hand in hand with the support/resistnace. (i've yet to be able to plot the automated sup/res. im using metastock 6.0. will try to figure it out this weekend)

very good issue overall.

have a good weekend all. will reply to all posts then.



To: Kenneth R Miller who wrote (7606)4/19/1998 11:58:00 AM
From: Chris  Respond to of 42787
 
currently working on a new weekly scan. this scan will find the picks where the long term trend is up.

take a look at this example using INTC. the scan hit is labeled CSS.

geocities.com

holy grail? maybe (heheh.. just kidding)

more posts later.



To: Kenneth R Miller who wrote (7606)4/19/1998 12:22:00 PM
From: Chris  Respond to of 42787
 
JBIL

thxs for the patience..

here we go:

currently on a weekly buy.. but not a STRONG weekly buy. do note that although i have a weekly buy, JBIL did not go anywhere.

weekly buy was on the week of 2/6/98. my new CSS scan hit was triggered on 12/26/97 (giving you ample notice that trend was changing)

couple items:

from feb 1998 to march 1998, jbil rallied above the 200 day ema to 55.
sell signal was triggered on 3/2/98 @ 50. currently jbil at 35. also note that once 200 day ema was broken on the downside on 3/9/98, it should have been automatic sell.

what now?

well, since my weekly buy is weak, jbil is weak. it has that broken 200 day ema to contend with (now at 40).

your trading range right now is 30-40.. 10pts trading range should be taking advantage of.

i would not initiate any longs until that 200 day ema is taken out.. until then you can do the trading range strategy.