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

To: TA2K who wrote (9687)	3/3/1999 1:15:00 PM
From: Michael Watkins	Respond to of 12039

Higher lows and higher highs, for one.

To: TA2K who wrote (9687)	3/3/1999 1:43:00 PM
From: David R. Evans	Read Replies (1) \| Respond to of 12039

In the case of COMS it could be almost ANY INDICATOR turning up..... Just about any Indicator I put on it's chart is going down.... MACD (8-17-9) has gone short. StochRSI (8-5) is going short. InSync Index has gone short. DNS and Dahl have gone short..... How much do you need before you stay away????? In a case like this one I would wait until all of these Indicators turn around and start going up..... This should take a while because many of them still need to come down further.... Once they all come down I would watch for StochRSI (8-5) to turn up first. That should be followed by both StochRSI(14) and MACD(8-17-9). At this point you should see the rest of the indicators pointing up.... That's when I would give COMS another look..... What if COMS decides to just turn around today without any Indicator realignment????? Oh well, I'll miss it BUT I know there are many more to look at so I will not worry about it... Dave Evans

To: TA2K who wrote (9687)	3/3/1999 1:50:00 PM
From: David R. Evans	Read Replies (1) \| Respond to of 12039

Another thing to think about is looking for the bottom or the top.... If you really want to make money in the Market, DO NOT LOOK FOR THE BOTTOM OR THE TOP!! It is a sucker's game with no real chance of winning..... The only time you can really pick out the Bottom or the Top is AFTER they have been established..... What you should be looking for is the TREND!!! That is where you make your real money.... Find the trend and ride the hell out of it.... As soon as you hear your Indicators telling you the trend is over, GET OUT!! Dave Evans

To: TA2K who wrote (9687)	3/3/1999 2:18:00 PM
From: Dick Brown	Respond to of 12039

"Using what tool? What would you look for in COMS that would indicate the bottom has actually been reached?" Don't you know in trading nothing is ever certain..plus if that could be known, better kept to yourself.. The only certain is the past. Dealing with the now is the hard part..You find the tools that give you the edge to the question you asked, but again nothing works 100% of the time, for the 100 time....

To: TA2K who wrote (9687)	3/3/1999 2:25:00 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 12039

Without trying to be flippant about it, I think the only tool that works for sure is hindsight. I suspect there is no tool that says this is the bottom, unless the stock hits zero of course. You'll only know once it has pulled away from the bottom. A better question might be 'how can I tell a pull back from the bottom and resumption of trend, apart from a 'dead cat bounce''. Let me try an answer - I don't think you can tell. If your timeframe is very short duration you will buy the upward movement and get out when indicators say so. Probably best to assume that any big negative movement down will be followed by a period of consolidation where some buy, some get called on the carpet due to margin and are forced to sell, some wait and wait and get apathetic and sell, and other patient folks wait and buy when it resumes. Through all that there will be a number of ups and downs as it fumbles around the 'bottom'. Wait for it to pass. Or better yet, pick a different stock!