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 : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (7528)	9/21/1998 7:13:00 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 34811

Hey Jer, I haven't really played or watched the indexes and am not familiar with how it may be different from a reading on a stock, so all I can do is the basic glance at the chart. Looks like the SOX is currently right at a DT at 218. However we do have two higher lows. Move to 220 would break the DT resistance and give a buy signal. Still below BRL so some caution is in order. I am waiting until we retest 7600 on the DJIA before I enter long on anything. I am in your court that the semis do look good. What I liked about ALTR is that it is right at support with a good looking chart, where others are in a column of Os with a few points to go to get to support (INTC) or way off support line after a nice runup (RMBS). I would still solicite input from others on SOX. Tom

To: Jerry Olson who wrote (7528)	9/22/1998 8:44:00 AM
From: stan s.	Read Replies (1) \| Respond to of 34811

One of the easier ways to play an index (or a stock) if you want to limit your number of trades AND stay on the right side is just to play some moving averages. Here's a chart of the !SOX on a WEEKLY chart. Note the 6 and 10 day weighted moving averages are now 6 and 10 PERIOD moving averages. All the data on this chart is compressed to weekly form. geocities.com Anyway look at the accuracy of buys (green arrows) and sells (red arrows)....as the 6 day weighted MA (green) crosses above the red indicating buys and the sell signals as the red crosses below the green. A simple and accurate way to stay on top...only about 8 signals in the past year. You can even often increase the gain if your willing to use this or a similar system on the DAILY chart.... Here it is....notice it has signaled a buy....whereas the more conservative weekly chart has yet to do so. The above is all extremely simplified and I'm not advocating it as one's entire system....but I ALWAYS look at it. The !SOX is a bit overbought on the daily. geocities.com You sometimes have to tailor the MA's to your needs. Here the buys and sells are based on crossovers of the 10 day weighted over the 14 for buys and the reverse for sells. I changed from the 6&10 for visual simplification......something to consider anyway along with other signals...I here tell SOME people even look to Point and Figure charting...imagine that! (; Stan