Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Richard Estes who wrote (10465)	6/3/1999 12:44:00 AM
From: Christopher	Read Replies (1) \| Respond to of 12039

Here is the answer. I actually tried to make people think(and I think it worked, a lot of responses!! which is good) and may be pass something new or a different perspective on things. Many people use RSI(14) or Stochastic(14) or MACD(12,26,9) to trade short term. In order to make sure that you trade with the main trend, you have to look at the weekly RSI(14) or Stochastic(14) or weekly MACD(12,26,9) and make sure that it is going up. If it is going down then even the the daily gives a buy signal then don't buy!! Here is how it generally works. If you are a short term trader, you make sure that the main trend is up with the weekly indicator. You then use the daily indicator to time your buy/sell signal. Good trading, Christopher