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


To: SpongeBrain who wrote (9032)1/2/1999 3:23:00 AM
From: Richard Estes  Read Replies (3) | Respond to of 12039
 
you ask for a fit (ha ha)you got one. But a 89ema with a 8 day lead comes close enought with a buy 10/10/96, sell 3/17/97, buy 4/9/97, sell 10/17/97, buy 2/25/98, sell 3/2/98, buy 4/2/98, sell 4/3/98, buy 4/20/98, sell 5/15/98, buy 10/19/98, still long. The trend is formed by the avg price being above or below what someone was willing to pay for it over the average of the last 89 days set forward 8 days. I didn't mention volume, patterns or news.

When you find any way to get in at the bottom and out at the high. Let someone know. the 50 should be closer to price than the 200, you want to get out faster than getting in. The distance between price and the MA is your risk. Darin used well known measures. I looked at a favorite of mine. If we wanted to make it fit, I am sure we could have taken time to find something better.

Now why did you want to know? have you looked at different indicators? when you find one you trust even on another stock that fits your mindset, then you have something that others can't give you, your own plan of action. If you wanted to see if TA worked, then it wasn't a good test. Most here don't have to be convinced they know it does. Only your work can convince you. If it was easy everyone would be doing it.