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

To: Theodore Johnson who wrote (21195)	9/10/1998 4:33:00 AM
From: bdog	Read Replies (1) \| Respond to of 79308

Yo Roc Doc! per meta stock... The Intraday Momentum Index (IMI) was developed by Tushar Chande. It is a cross-breed between the RSI (see Relative Strength Index) and candlestick analysis (see Candlesticks, Japanese). For more information on the IMI, refer to the book The New Technical Trader by Tushar Chande and Stanley Kroll. The calculation of the IMI is very similar to the RSI, except it uses the relationship between the intraday opening and closing prices to determine whether the day is "up" or "down." If the close is above the open, it is an up day. If the close is below the open it is a down day. Therein lies its tie to candlestick charting. For those familiar with candlestick charting, the IMI separates the black and white candlesticks and performs a RSI calculation on the candlestick bodies. Better have bruce the upside down man send you the particulars as I'm only guessing (take what you know of the regular trick and reverse engineer it.) Use your rock pick if you have too. If you are on Q+, I could PM you the scan I use. Don't study too hard , you'll get pea gravel headaches. bdoggin ya

To: Theodore Johnson who wrote (21195)	9/10/1998 3:55:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79308

Theo, You have the 3 dRSI trick from the seminar right? Just flip it over to find opportunities to nail the timing for short selling. Oh, and Bdog, would the MACD play a role in backing up the 89, 13, 34 stochrsi? Concurrent cross over 0 on the signal or just a simple indicator crossover? For confirmation of longer term potential in a stock, I imagine that nailing the timing for a buy with the 89, 13, 34 as the MACD uptrend line approaches 0 would be very useful. I hope your brain is done smokin' after all that great work! What I've seen so far looks good. Doug R