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To: Perry M. who wrote (4577)5/9/1998 1:42:00 PM
From: ChartMan  Read Replies (1) | Respond to of 50264
 
"Dull & Boring". Isn't that a restaurant? No that "DAVE & BUSTER's" sorry. <ggg>. Actually Dave and Buster's is a pretty cool place to eat and have fun. Anyone in DGIV-land been to D&Bs?

To answer your question your question about SAR, the parameters are typically pre-set by your charting software. What you are looking for is a CROSS OVER point in the chart where the closing price crosses the SAR (Stop And Reversal) point. Its amazingly helpful. You do get some false signals now and then, but experience will enable you to "filter" out the static. Its an art, NOT a science. Thus the term "voo-doo". I love it. Well back to the voo-doo lounge.

FYI: The Parabolic SAR Time/Price System, developed by Welles Wilder if you want to really get into it. Happy charting. Chartman out.

You are responding to this message from Perry M. on May 9 1998 3:07AM EST

I guess dull and boring is my game because I enjoyed that post immensely. Can't wait for lesson NO.2. Was doing pretty good until the SAR. What parameters does the user select. Do you set a trend direction and price target and time base based on if your long or short?