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Jim,
As just about everybody knows by now, I use trend channels for that
<G>. In the past I also used moving averages, buying on crossovers of the
21 day moving average as long as the crossover was in the direction of the
55 day moving average.
JimG
-----Original Message-----
From: Wooglinx@xxxxxxx <Wooglinx@xxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Wednesday, January 27, 1999 7:37 PM
Subject: Playing the Odds
>When trading stocks or mutual funds selecting the right stock or fund is a
>given. Buying an equity for a trade that has strong fundamentals is
important.
>Buying an equity that has a positive technical analysis is important. But
>buying an equity in a declining or weak overall market is likely to reduce
the
>chance of success. Yes, these are generalities, but give me a break on this
>for the moment <G>.
>
>The point is, we would be better off trading in the general direction of
the
>underlying market and have the wind to our back so to speak.
>
>The question I pose is, "What method(s), if any, do you use to determine
the
>probable direction of the market." For starters, one might look for
>divergence's in the DJIA or SPX and the Adv-Dec line. Or applying the ADX
or
>Stochastic.
>
>One that has some promise is the Parabolic SAR using the canned parameters
in
>MS. Take a look at the Parabolic SAR against the DJIA, the SPX, or the
NASDAQ.
>
>What's your method?
>
>Jim Barone
>
>
>
>
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