| lepaul |
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Gold User, Member, TeleChart
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| Registered User |
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| Unsure |
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| Friday, April 8, 2005 |
| Friday, March 6, 2009 8:38:56 PM |
9
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Ann
Would you please explain what the formula accomplishes?
lepaul
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Ann
I am curious about your 10% sort. What have you found
and how do you use the information ?
lepaul
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Ron--I think you got your ducks backward.In(1) you
said the stock must be in an up-trend and proceeded to define a down trend.(2) was also reversed. Here is your up -trend. C>C1>C2>C3>C4---5 days worth. for the down trend reverse > to <. for an up trend following a 5 day down trend it would be C>C1>C2<C3<C4<C5<C6<C7 ----A 5 day
down trend followed by a 2 day up trend. Hope this helps
lepaul
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Ann, I've followed candle sticks for years and
your right with the exception of a few. The strongest
is a hammer on high volume and the longer the tail,
the better. In a down trend fter a hammer, the trend will usually stop and move up or go sideways. Next in line is the hanging man and shooting star. They are
much weaker. The rest I've observed poor correlation.
Good hunting
lepaul
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Hi tjmj
The anser is yes. The secret is to be in the right market that has a good future.I turned 30,000 in
to 90,000 in the last year and a half by investing
in the oil and gas industry. I sold out when my indicators showed a toping out. I am 95% in cash
now and am researching fuel cells, solar panels
and BPL. There are a lot of companies in fuel
cells but most charts are not too healthy yet and
only large co.like GE etc. in solar panels in
the USA. I found that China has a huge market in
solar cells. BPL stands for broadband over power
over power lines which will be a huge market in the future. The the knack is to pick strong industries
that will grow out of any pullbacks if you miss a
tempory exit signal. I think the tempeorary lull in
energy stocks will prove to be an example.
lepaul
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Hi ch
If your afraid of loosing a profit before
years end buy a put that will take you into
next year if the stock has options.
lepaul
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Sometime the 50 or 200 day moving
averages are resistance points because
so many people trade with them. lepaul
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All my indicators show good and I think it will continue because as you said it went against the market. Tomorrow will tell.
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Looks good on a 3 day chart, flat on a 2 day chart and
bad on a 1 day chart. lep
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