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

To: Christopher who wrote (10484)	6/3/1999 9:32:00 AM
From: Sean W. Smith	Read Replies (1) \| Respond to of 12039

Christopher, you have outlined one potential way by switching from daily to weekly to confirm the trend but not necessarily a required method. If i'm trading a CCI(13) for entry and exit I can easily use a MACD(13,34,89) or Dahl to get an idea of the longer term trend. You can simply multiply the length factors by 5 and look at the indicator on a daily chart and it will provide the same info on weekly. There is no one right answer. Many folks utilize the concept of multiple time frames. Robert Krausz has written more than a few articles on the subject, a book, and has software that uses this as a key principle. The folks at TTI give it another name and call it who's in control. Something to ponder... Sean