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Strategies & Market Trends : Metastock 6.0 for Window -- Ignore unavailable to you. Want to Upgrade?

To: TA2K who wrote (2580)	1/1/1999 6:32:00 PM
From: John Hunt	Read Replies (1) \| Respond to of 4056

Re Curious Hi Nicholas, TA is more a black art than a science, but I would look for it to be below a level (say 25), but above its moving average and rising. I would use the ZigZag to time the decision to buy. I would probably buy only if the open was near the close of the prior day, but it would depend on how strong the volume was on the open. The normal way to use the stochastic is to buy when it crosses 20 after having been below 20, with the moving average mostly there to give you a warm fuzzy feeling. The zigzag test comes out at 90% winners, 10% losers on most stocks, which is why I have started to use it for timing. Its weakness is that the last bar may show a buy one day, disappear the next day if you get a pull-back of say half of the previous day's move and then re-appear the next day when it again moves up. Annoying, but ok if you understand what it is doing. Hey guys, I am only a humble student too ... Where are all the resident pro's with all the answers ... on holidays? < g > John