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The thing about those charts is how clear the buy is.
The Stochastic gives some very good buy and sell signals. Perhaps too
many of them. The RSI gives fewer signals. I try to use it to verify
the Stoch signals.
I have noticed this about RSI: When the stock is in an uptrend
channel, the RSI gives good SELL signals, but will not give you a BUY
signal to get back into the stock. I use the Stochastic for the buy.
Similarly, when the stock is in a downtrend, the RSI will give you a
good BUY signal, but not a sell.
Perhaps the problem is that the horizontal lines at 80 and 20 are not
flexible enough. Maybe they should be in different places based on
the stock trend.
On Fri, 25 Jul 1997 14:03:49 -0400, you wrote:
> I looked at your charts. Thanks!
>
>Jim
>
>----------
>From: Guy Gordon <gordon@xxxxxxxxxxx>
>To: metastock-list@xxxxxxxxxxxxx
>Subject: Re: Breakout Alerts: CUBE and PAIR
>Date: Thursday, July 24, 1997 9:03 PM
>
>If anyone wants to see my charts on PAIR, CUBE, QNTM, and AGPH, they
>are posted at:
>
>http://www.white-crane.com/pair.htm
>http://www.white-crane.com/cube.htm
>http://www.white-crane.com/qntm.htm
>http://www.white-crane.com/agph.htm
>
>On Tue, 22 Jul 1997 21:00:03 GMT, I wrote:
>
>>Just a quick note: take a look at C-Cube Microsystems (CUBE) and
>>Pairgain Tech (PAIR). Both of these look like good buys.
>----------
>
>
>
>
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