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

To: wiley murray who wrote (8864)	11/4/1998 11:26:00 AM
From: David R. Evans	Read Replies (1) \| Respond to of 12039

Hello Wiley, Take a look at the chart of LU Daily on my home page... Pay close attention to the MACD(8-17-9). If you just look at it's signal you would have been long around 9/9/98. If you were looking at the entire chart, you would not have taken the trade because LU was still stuck in a downward regression channel. Now, if you had waited for the Regression channel breakout on 10/16/98 you would have had a very nice trade which you would still be in...... If you had bought Calls out to say November, you would really be in nice shape.... Dave Evans interactive.net