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brian,
mark is a silver-tongued devil, ya gotta admit...
but let me tell you something, although his style may lack something in the
charm department, he is giving you the most valuable free advice you'll ever
get.
every time you start thinking about RSIs, stochastics etc., go lay down
until the feeling goes away.
jh
-----Original Message-----
From: Mark Brown [mailto:markbrown@xxxxxxxxxxxxx]
Sent: Wednesday, August 09, 2000 4:46 PM
To: Brian Keith Voiles
Cc: realtraders@xxxxxxxxxxxxxxx; omega-list@xxxxxxxxxx
Subject: Re: Best Stochastics for S&P Trading
Hello Brian,
BKV> Dear Group,
BKV> Based on your experience... what Stochastic settings are best for
knowing
BKV> when the S&P is more likely to be in an overbought or oversold
situation?
here's what i would do - i would optimize the hell out of it and when
i get the very best numbers of the best buy-sell zone and length. i
would apply it to a chart and when i get a sell signal i would drink a
cup of hot tea and read a short magazine article out of the new active
trader magazine- then i would call in a buy at the market order. do
the opposite when you get a buy signal, thats the best way to use a
sophisticated indicator like a stochastic.
BKV> Or, do you recommend RSI, LRS, or something else to determine the
BKV> likely state of the overbought-ness or oversold-ness of the market? If
so,
BKV> what settings are best, and what is the most useful way for a day
trader to
BKV> interpret the probabilities?
same apply's
BKV> Thank you -- I appreciate these groups very, very much.
BKV> Sincerely,
BKV> Brian Voiles
your so very welcomed and pls send check to local childrens charity when
rich.
--
Best regards,
Mark Brown mailto:markbrown@xxxxxxxxxxxxx
Y = Offset + Amplitude * sin(Frequency * X)
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