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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Tim Davies who wrote (174)	6/6/1999 9:34:00 AM
From: dreamer	Respond to of 150070

Sure Tim here it is in a nutshell, for indicators I use shochastics and the relative strength index. I set both these to an eleven day period, and it helps if you can have both on the same field so that they overlay each other. The pattern forms best after a price spike which usually sends both indicators to the top, up in the 90's. The pattern takes shape as the price comes back down and this is how it goes. As the price works it way back down close to where it was before the spike the stochastics line will follow it down and end up in the 0 to 25 range. While at the same time the relative strength line will only drop down into the 30 to 50 range. That first part of the process usually take about 3 or 4 days. Then what happens next is the price will move sideways for a week or more, with the relative strength and stochastics pretty much staying in the same range as mentioned above. The greater the distance between these two indicators seems to be better. I've also have found out it works best will stocks that have a fair amount volume. That's pretty much it and what follows is most often big swing up, if you have any questions please ask. dreamer