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

To: David R. Evans who wrote (9690)	3/3/1999 2:12:00 PM
From: Michael Watkins	Read Replies (2) \| Respond to of 12039

Dave, I use StochRSI 8-5 and 14 myself and find they work pretty well for me. Early on I was pretty much relying only on those two but found I was getting whipsawed in and out of positions when sometimes it was appropriate to hang around. Started looking at how to improve on that and now I also plot a Stochastics 89,5,3 in the same window for an eyeball on longer term trend. If StochRSI 14 and Stochastics 89,5,3 continue up or remain oversold, while StochRSI 8-5 has turned down, I will often hold. I use a couple MACD plots to help confirm all this too. Some pretty busy charts a-happening. Only last few weeks have I been playing with other combo indicators like DNS and Insynch, with some success. Do you apply pretty much the same approach you would use on a daily chart to intraday chart? Sometimes I think I am better of not looking at intraday moves. I don't seem to have the sense of timing and understanding of what the players are doing mid-day, whereas end of day data (and candlestick charts to get a sense of the daily flow) seems easier. If someone wouldn't mind checking out the chart of DCTM, I'd appreciate some feedback. I'm a little too close to that one, because I'm in their line of business and also because I made a bad call a while back on it! I was a little jolted today by the intraday move but decided to hold back until the end of the day and see what the chart says. From what I can see, the indicators are all pointing in the right direction but still a little too early to know how solid this 'trend' is. And yes, this is one where I didn't follow my own advice, and bought on 1/20, thinking we'd seen bottom and it was an over-reaction to some analyst speak. I believe I'll go frame that chart right now... ;) I added a few days ago after some careful reflection and a promise to sell it all if things go sour. See, still have many things to learn. Michael