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Buy On Dips (DIPS) RSS Feed

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Created
02/22/06
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Moderator Go_Stocks
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BUY ON DIPS When would you buy on dips? These two conditions must meet to qualify as BUY ON DIPS. (1) The stock must trade in uptrend. There are two ways to define the uptrend. (a) Use 34 EMA. The stock price must trade above 34 EMA; (b) Use CCI (50). The CCI (50) indicator must be above 0 line. (2) Lower timeframe indicators are at the bottom. (a) Stocahstic (7,3) is below 20% and ready to move up. (b) RSI (7) is below 50% and ready to move up. (c) CCI (6 or 14) are at -133 level (20%) and ready to move up. This approach is a synergy of Woodie's CCI, Jimmer's sling-shot, and Dr. Bob's CCI (50). For detailed explanation on each of the approachs: Woodie's CCI: http://www.dacharts.com/articles/olm_CCI_Slingshot_Theory.htm http://www.trading-naked.com/woodie1ccisystem.htm Jimmer's 2X: http://www.dacharts.com/2x.php DR. Bob's 50CCI http://www.trading-naked.com/cci-trading-the-50cci.htm
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