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

To: David R. Evans who wrote (8642)	9/19/1998 10:41:00 PM
From: Dale Wingo	Read Replies (1) \| Respond to of 12039

Dave, Thanks for the suggestions! Based on your response I've done the following: Added PSAR to the price chart. Have a sub window with MACD 8-17-9 as a histogram. Have a sub window with StochRsi 14 with horizontal lines at 30 and 70. Have a sub window with 3 exp moving avgs: 5, 13 and 40. In viewing the above with DELL: I can sorta see that when any two of the following are true: MACD is above 0; StockRSI is above 30 and rising; the PSAR is below the price line then a buy signal is generated. And when long and when any 2 of the following are true: the PSAR rises above the price line; the MACD drops below 0; the StochRSI has risen above 80 and has dropped back below 80 a sell signal is generated. Right? If it is it works pretty well for DELL. It even keeps whipsaws from occurring around 2/17/98, 9/15/97. However, there is a dicey little stretch starting around 3/25/98 thru 4/14/98. Also the MACD gives a very weak buy on 6/17/97 with the other 2 confirming then a sell 7/1/97 followed by a buy on 7/8/97. Is this the best I can reasonably expect from this "system"? Not that I'm complaining since it seems that for the most part it keeps me out of severe trouble. In mentioning the moving average crossovers are you saying to use them in lieu of the MACD's or as a confirmation? If its for a confirmation I don't quite see it as the 5 and 13 crossovers seem to be "slower" that both the MACD and the StochRSI. How does the 40 line enter into it? Dale