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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Stoxx who wrote (2478)	12/28/1998 4:26:00 PM
From: Dr. Stoxx	Read Replies (3) \| Respond to of 39683

Back to talking to myself on this thread. Guess everyone else is out getting rich on plays like SKYM and IFLY (almost jumped on the latter myself this morning. Wish I had!). Still reading Elder's book. Excellent, though probably too basic for some. The chapter on trend lines alone is worth the price of the book. I have decided to go back to MACD, as well as trendlines, to determine the nature and strength of the trend. And alongside Stochastics I want now to consider OBV, ROC and RSI indicators. I also want to identify trend reversals, which are harder to identify, rarer, but potentially more rewarding with less risk. More on this as my ideas develop. Good luck, TC.