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


To: Perry Ganz who wrote (9319)2/15/1999 12:39:00 AM
From: Dusty  Respond to of 12039
 
Perry, I have been looking at Quote Monkey Deluxe 2.2 check it out you can download it here for a free look.

primate.com

It stresses ease of use and since I am new to the charting I was interested.

Dusty



To: Perry Ganz who wrote (9319)2/15/1999 2:05:00 AM
From: Wildstar  Respond to of 12039
 
Perry,
I use Decision Point. I download closing prices at the end of each week along with other data (NH,NL,...) and feed it into Excel to plot the graph. I don't know where else to get historical data. Actually I would like to get not just closing prices, but also the open, daily high, and daily low, since Excel allows you plot the data as Candlesticks. If anyone know where I could do this, please let me know.

WRT plotting the 10-day MA, I don't know how much you'll get out of it. I've used the NH/NL as mainly a medium term indicator, where it can give leading signals. I don't know how much a shorter term outlook will help. For example, on my graph, the 20-day MA doesn't seem to be a leading indicator. It basically just tracks the DJIA. But who knows, maybe you'll see something that I don't when you plot your data.

Actually, now that I look at my chart again, I see that what may be important in the shorter term MA's is the delta. If you look at two different points in time when the DJIA is the same level, you may be able to see a change in the shorter term MA.

For example just before March, the DJIA is at about 8600 and the 20 day MA is at about 0.9. Just before June, when the DJIA again dips down to 8600, the 20 day MA is at about .4 indicating weakness.

Good luck and keep me updated on your chart.