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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: TA2K who wrote (17870)	10/3/1998 11:54:00 PM
From: j g cordes	Read Replies (1) \| Respond to of 70825

Nicholas.. the indicators you choose to use should reflect the time frame you wish to hold the stock or option. Metastock has a way of back testing your inputs to generate buy sell indicators, then sums the success of that combination. What you want is a 'best fit' to the time horizon you're trading and to each stock you're trading. Another feature you should use is cycle length and play with things like Fibonachi and speed lines. My best advice is to select three stocks, one very volatile like Yahoo or AMZN, the next mid volatile like AMGN or SLB, and the third like GE or GM. Study them to a fault.. get to know their patterns, trading ranges, volume, what they do in anticipation of earnings.. and after earnings. Get to where you can predict their price for tomorrow, a week ahead, how they open.. when they typically peak during the day, when they typically sell off. Use all the indiators in Mstoks' bag of tricks... see how they apply or don't apply to each case. Write some of your own indicators.. script some series of indicators and some boolian arguments... at the end of this you'll know your tools and have three stocks you have a good chance of making money on. Jim