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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Mike Learner who wrote (13729)5/13/1999 2:27:00 AM
From: Moominoid  Read Replies (1) | Respond to of 99985
 
Hi, Could you please share with me what technical indicator criteria do you use to find good candidates "longs" & "shorts"?

I combine FA and TA. The two need to be used together. I see TA as describing adjustment paths to the moving FA value. The more TA indicators that show the same thing the better. I personally use the following TA mainly for individual stocks:

1.Bollinger Bands and moving aves - generally not the standard 20 Bollinger period but 13, 34 day and 34 week.
2.A regression based method for finding turning points I developed myself
3. Stochastics and MACD from the IQC website.
4. Classic Edwards and Magee price formation and volume TA.

Sometimes I look at other things too like OBV. I also follow the Market Edge - Second Opinion weekly analysis.

For the market as a whole I particularly like the McClellan summation index in addition to the above. The PEI international share market watch is interesting too. For the SP500 index I use my regression analysis on weekly data - for the other stocks normally daily data.

The more of these that conform with each other at different timescales the better.

The easiest shorts to pick are ones that ram through the upper 34 week Bollinger Band more or less at right angles - i.e. when its flat. It's difficult to lose on those IMO. Still, I 'd want other confirmation.

Sorry it isn't a simple answer.

David