Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dave H who wrote (16435)	5/6/1998 9:14:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 79352

dave can you help me with something when you get this kind of sell signal...how long does it usually last and for how much Ocote had mentioned 1022 on the S&P in a previous post....

To: Dave H who wrote (16435)	5/6/1998 9:58:00 PM
From: Dave H	Read Replies (2) \| Respond to of 79352

Three potential shorts I'll be watching tomorrow: FRAG PILL NOBH -dave

To: Dave H who wrote (16435)	5/6/1998 11:01:00 PM
From: Ocote	Read Replies (1) \| Respond to of 79352

Market Watch Dave-- It's an eery feeling with so many indicators pointing down. You are right about the RSI 13. When the RSI 13 begins to break below 50 and the ROC 13 pierces 0, that's when the rockin' and rollin begins and that is what is happening today. It happened on 10/23 and on less serious corrections. Please fasten your seatbelts, we may be experiencing some turbulance for the next few days. Please extinguish any burning daytrades until the light is turned off! Ocote PS. I think its interesting how the media explains each of these turns in the downturn. The first false rally is called "climbing to new heights on a perfect economy", the topping of the RSI 13 before the next drop is called " taking a breather from a red-hot market", when the indicator turns slightly downward it's called "inflation jitters" and when it really begins to look bad we go to the Euro, Japan and poor earnings. Its so consistent its predictable, but as Doug says....no one in the media has a clue.

To: Dave H who wrote (16435)	5/6/1998 11:55:00 PM
From: Vitas	Read Replies (2) \| Respond to of 79352

Hi Dave, I just ran the sequential on the indices you mentioned for May 4th, 5th and 6th, and am not getting a sequential signal. Are you referring to the sequential as Doug R explained in the post below or a variation? Vitas To: +Dave Kosmayer (3 ) From: +Doug R Sunday, Mar 23 1997 9:01PM ET Reply # of 659 OK... There are 3 parts to it. The setup occurs when there are 9 consecutive closes lower than the close 4 days previous to each. The day before the first day, though, must close higher than 4 days previous to it. There may be more than 9 and the closes must be lower, not equal. The setup is completed when the second part of the strategy occurs. The intersection is where the brakes have been applied to the freefall of the setup. The price has to close within the range of the trading 3 days previous. Now comes the countdown: 13 closes (no requirement to be consecutive) equal to or lower than the entire range of trading two days previous to that day. Day 13 is the buy signal. Now substitute the word higher for lower in the above and you get sell signals. 2 safety valves for entering a trade are waiting until you get a close greater than the close either 2 or 4 days earlier. If during the countdown a new setup occurs, the countdown starts again. A stoploss uses the range of the lowest trading day in the countdown. Subtract the range from the low to set the stop. Well, that's all there is to it. I hope you notice some good ones. Doug R