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


To: keith massey who wrote (9129)2/2/1999 10:04:00 AM
From: David in Ontario  Respond to of 12039
 
Hi Keith...thanks for your response. You're right - learn the basic's and the theory and don't rely on what a program tells you what 'may' be happening.

David.



To: keith massey who wrote (9129)2/2/1999 3:26:00 PM
From: TraderAlan  Read Replies (1) | Respond to of 12039
 
Keith,

The flip side of commonly used (but maybe poorly understood) indicators is that there's a built-in crowd using them so they're often self-fulfilling prophecies.

Lets see, what are most common:
12-26-9 MACD
20 day Bollinger Bands with a 20 day SMA in the middle
14 day RSI
200 day moving average

Flags and triangles show contracting bars. Its possible to program part of that. My Coiled Spring picked up the DoubleClick pennant perfectly. But it picks up a lot of noise as well.

On a separate note, my site has had several reports of lines being cut off on some Netscape browsers. If anyone is experiencing that problem, please send me a private note with the browser version and pages affected or write me at trader@hardrightedge.com.

TraderAlan
aka Alan Farley
editor/publisher
The Hard Right Edge
hardrightedge.com