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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: tom pope who wrote (690)	9/26/1998 9:01:00 PM
From: LastShadow	Respond to of 43080

My defaults for cbs.marketwatch.com 180 days Candlesticks (personal preference there, if one is not familiar with them, use bar charts) 50 day simple moving average bollinger bands 9 period relative strength 14 days Stochastic 39 period (this is the only non-default time frame of the group) Money Flow 14 period One looks for the pattern of the stock after it touches either upper or lower bollinger band - with that, one can make a fair guess as to whether the stock is approaching a reversal point (note - some stocks go horizontal while the band drops more, so that really isn't an entry signal yet, just as touching the top isn't a time to sell, but rather when the band pulls away from the tick). Note any coorelation between the 39 period stochastic pattern andthe stock price swings - forget whether it is at 20/80 % or whatever, just look for correlation. Relative strength - relative to the market that is - this stock moves with the market, some don't. Both cases are important. Note any pecularities in money flow - does it coincide with price growth as accumulation does? Is is immaterial? both are important. lastshadow Forget volume - it is only an after-the-fact coorelation