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TRIX (15,9) is quite similar to MACD (12,26,9). Both are momentum oscillators that fluctuate above and below the zero line. Both have signal lines based on a 9-day EMA. Most notably, both lines have similar shapes, signal line crossovers and centerline crosses. The biggest difference between TRIX and MACD is that TRIX is smoother than MACD. The TRIX lines are less jagged and tend to turn a bit later.
As noted above, there are three elements to the Force Index. First, there is either a positive or negative price change. A positive price change signals that buyers were stronger than sellers, while a negative price change signals that sellers were stronger than buyers. Second, there is the extent of the price change, which is simply the current close less the prior close. The "extent" shows us just how far prices moved. A big advance shows strong buying pressure, while a big decline shows strong selling pressure.
HMLA HAS GIVEN YOU GUYS 3 CLUES TO TRADERS ARE YOU FOLLOWING?
HMLA BOOKMARKS GOING UP...BEAUTIFUL
HMLA VOLUME UP WAY ABOVE AVERAGE FOR 7 STRAIGHT WEEKS BEAUTIFUL
HMLA eyes catching on, ACCUMULATING .BEAUTIFUL
HMLA FLOAT LOCKED, BEAUTIFUL
HMLA Outstanding: ONLY 36,000,000 UNBELIEVABLY BEAUTIFUL
HMLA Authorized: 100,000,000 BEAUTIFUL
HMLA just emerged from the dark BEAUTIFUL
HMLA is one PR away from 25 cents, BEAUTIFUL
HMLA 3V FILINGS THAT SHOW OVER 4 MILLION SHARES out of the microscopic 36 million O\S have been locked and loaded, when they sell they have to report it AND THEY HAVENT SOLD, why would they BEAUTIFULL
HMLA JUST FILED AFTER BEING DARK FOR A YEAR. GOING INTO MARIJUANA AND MINING THEIR OWN BITCOIN
HMLA is so easy a prediction
HMLA I AM TOO EXCITED AT where we will be after the crowd catches on.
HMLA HMLA HMLA HMLA HMLA !!! WEEEEEEEEEEEEEEEEE
hmla hmla hmla hmla hmla hmla hmla
hmla hmla hmla hmla hmla hmla hmla
hmla hmla hmla hmla hmla hmla hmla
hmla hmla hmla hmla hmla hmla hmla
hmla hmla hmla hmla hmla hmla hmla
hmla hmla hmla hmla hmla hmla hmla
hmla hmla hmla hmla hmla hmla hmla
hmla hmla hmla hmla hmla hmla hmla
hmla hmla hmla hmla hmla hmla hmla
hmla hmla hmla hmla hmla hmla hmla
hmla hmla hmla hmla hmla hmla hmla
hmla hmla hmla hmla hmla hmla hmla
SEE YOU AT 25 CENTS. WEEEEEEEEEEEEEEEEEEEEEEEE.
hmla hmla hmla hmla hmla hmla hmla
STSC R/M filings -- looking good for next week.
$TVOG HUGE 8K SMALL FLOAT. LINK IN TWEET
https://twitter.com/oneoclockdrop/status/939244650539257857
I clicked on the link for the company website and I got this:
Quote:
File not found (404 error)
HMLA doesn’t have a working website?
HMLA COULD RUN 10,000%+ TRUE STORY, HERES WHY. HMLA JUST CAME OUT OF THE DARK WITH 3 FILINGS AND GOING INTO MMJ WITH THE SMALLEST SHARE STRUCTURE VS PRICE IN MARIJUANA INDUSTRY HISTORY.
Amended Statement of Ownership (sc 13g/a)
Date : 09/08/2017 @ 5:29PM
Source : Edgar (US Regulatory)
Stock : Homeland Resources Ltd. (PN) (HMLA)
Quote : 0.0045 0.0005 (12.50%) @ 12:10PM
https://ih.advfn.com/p.php?pid=nmona&article=75612466
HMLA website updated to accept bitcoin payments
OWNING OUR OWN BITCOIN PAYMENT PROCESSING COMPANY MEANS WE CAN ACCEPT PAYMENTS IN ANY AMOUNT FROM ANYWHERE IN THE WORLD
MJ+bitcoin huge gains coming. 25 cents+ when news hits
HMLA recent chronological sequence of events:
On July 14th, 2017 https://homelandcannabis.com/ was created and launched!
The site only said "coming soon"
That same day the site was immediately copyrighted as follows:
Copyright © 2017 - HOMELAND RESOURCES INC - All Rights Reserved.
But when people checked again it had changed to:
Copyright © 2017 - HOMELAND CANNABIS LTD - All Rights Reserved.
A further exploration of the URL owner came back as privacy protected.
Then on July 31st, 2017 Homeland Resources, Ltd. got reinstated on Nevada SOS.
Then on Monday August 7th the website changed from just "coming soon" to having 3 MJ divisions created on the site.
Then on Wednesday August 9th all the Homeland Resources old officers and directors were removed from Nevada SOS and the company was changed from an LLC to a "Series LLC"
So although there's been ZERO news or filings put out by whoever the new HMLA officers and directors will be...there's no such thing as coincidences when the dots start connecting and these PubCo's are being brought back from the dead.
HMLA still has an Authorized Shares amount of 100M only according to Nevada SOS
HMLA ONLY HAS 36 MILLION O\S!!! Not a misprint, no need to scratch your eyes its true. HMLA has only 100 million A/S don't scratch your eyes there either . EVERY SINGLE LOW FLOAT TRADER SHOULD BE IN HMLA RIGHT NOW BUT THEY ARE SLEEPING. They wont be sleeping for long. HAVE YOU GUYS BEEN SEEING THE BIDSSSSSSSSSSSSSS STACKED UP??? And not only are they there, THEY ARE NOT GETTING FILLED. HANDS STRONGER THAN A DIAMOND. Do you think HMLA will run to $1 or $3?
IN ANY BUSINESS FIELD WHEN ONE CONDUCTS SOUND RESEARCH, the first thing they do is perform a COMPARATIVE MARKET ANALYSIS. Its simple as black and white... straight forward, straight shooting fact finding. JUXTAPOSE whatever you are researching with its peers. HMLA FELLAS COMPARE HMLA SHARE STRUCTURE WITH ALL OTHER MMJ RELATED STOCKS...ACTUALLY ANY PENNYSTOCK OUT OF 10,000 OUT THERE. NOW LOOK AT THE PRICE. Something big is going on behind the scenes. HMLA is undervalued big time, not that many shares left. Thinning out
I dont know how to get to you rookies, well, you will see....ugh.
COMPARE HMLA MICROSCOPIC 36 MILLION A\S to its peers LISTED BELOW. The next update will blow single cents out the water for HMLA IMO.
HEMP .04 52WKH .07
A/S
5,500,000,000!!! a/o Jun 30, 2016
O/S
754,027,180
CBIS .113 52WKH....13
A/S
Not Available
O/S
2,312,305,296!!! a/o Nov 07, 2016
MJNA 14 52WKH...28
A/S
5,000,000,000 a/o Sep 30, 2016
O/S
3,025,841,854 a/o Sep 30, 2016
PHOT .015 52wkh .085
A/S
3,000,000,000 a/o Dec 01, 2016
O/S
1,596,570,761 a/o Dec 01, 2016
EDXC .066 52 week high 9 cents!
A/S
1,000,000,000 a/o Dec 31, 2016
O/S
247,632,774 a/o Dec 31, 2016
EVEN ERBB .0015 52WKH .009 IS HIGHER AND IT HAS 14 BILLION A\S!!! 14 BILLION!!!
A/S
14,750,000,000!!! a/o Dec 31, 2016
O/S
11,379,401,405 a/o Dec 31, 2016
GRNH 0.091 0.0171 - 0.159
A/S
500,000,000 a/o Jun 30, 2016
O/S
307,342,246 a/o Jun 30, 2016
TRTC .30 52wk Range 0.135 - 0.7455
A/S
990,000,000!! a/o Feb 16, 2017
O/S
568,186,036 a/o Feb 16, 2017
MCIG .35 52wk Range 0.0255 - 0.505
A/S
560,000,000 a/o Aug 31, 2016
O/S
340,614,339 a/o Nov 15, 2016
VAPE .0099 52wk Range 0.0012 - 0.032
A/S
1,000,000,000 a/o Jan 16, 2015
O/S
213,676,990 a/o Feb 22, 2016
VBIO 2.23 52wk Range 0.463 - 4.24
A/S
1,000,000,000 a/o Sep 30, 2016
O/S
17,786,515 a/o Feb 13, 2017
RFMK .015 52wk Range 0.0003 - 0.049
A/S
20,000,000,000 a/o Jan 30, 2017
O/S
1,274,496,618 a/o Jan 30, 2017
HMLA ONLY HAS 100 MIL A\S AND IT'S DOWN HERE AT .0045??
HMLA HAS BEEN FLYING UNDER THE RADAR, BASICALLY UNKNOWN FOR THE LAST 4 MONTHS SINCE IT CAME OUT THE DARK. The crowd will be here late.
HMLA doesn't need koolaid, or one doesn't need to be a rocket scientist to analyze this chart.
HMLA IS A STANDING PRESENTATION OF "I should have got that stock, I knew it would run to 8 cents, I even told my friend :×< "
Enjoy your weekend for my EDM homies! LMFAO!!
ROC - Rate Of Change Video
WATCH VIDEO - CLICK HERE <-
Learn all aspects of trading penny stocks in Chart School, Videos include;
Accumulation Distribution
ADX - Average Directional Index
Aroon
ATR - Average True Range
Bollinger %B
Bollinger Band Width
CCI - Commodity Channel Index
Chaikin Oscillator
CMF - Chaikin Money Flow
Coppock Curve
Correlation Coefficient
EMV- Ease of Movement
Fibonacci Retracement
Force Index
KST - Know Sure Thing
MACD Histogram
Mass Index
MFI - Money Flow Index
OBV - On Balance Volume
PPO - Percentage Price Oscillator
PVO - Percentage Volume Oscillator
ROC - Rate Of Change
Standard Deviation - Volatility
Stochastics RSI
Support and Resistance
TRIX
TSI - True Strength Index
Ulcer Index
Ultimate Oscillator
Volume by Price
VTX - Vortex Indicator
Williams % R
Chart Setup 1
Chart Setup 2
Chart Patterns 1
Chart Patterns 2 The Best Bullish and Bearish Patterns
Choosing Indicators
Best part is that it's all FREE!
So what are you waiting for - Get started now!
COWI - eom.
Many years ago, I came to post #51000 on the ACCR message board when it became obvious that ACCR was not coming back to life. It was dead. After a wait of 5 hours = 5 months brings October 11, 2015 to March 11, 2016 and past that to March 15, 2016, the anniversary of a famous stabbing. Perhaps 51000 just means the news of March 15, 2016 goes dead, which it seems to have done? At the same time, the COWI message board is getting ever closer to post #51000, December 11, 2017?
$TMBXF Tombstone Exploration Corporation Names Donald Rauch to Board of Directors. #Mining #Minerals #StockMarket #Stocks
https://www.otcmarkets.com/stock/TMBXF/news
OBV - On Balance Volume Video
WATCH VIDEO - CLICK HERE <-
Learn all aspects of trading penny stocks in Chart School, Videos include;
Accumulation Distribution
ADX - Average Directional Index
Aroon
ATR - Average True Range
Bollinger %B
Bollinger Band Width
CCI - Commodity Channel Index
Chaikin Oscillator
CMF - Chaikin Money Flow
Coppock Curve
Correlation Coefficient
EMV- Ease of Movement
Fibonacci Retracement
Force Index
KST - Know Sure Thing
MACD Histogram
Mass Index
MFI - Money Flow Index
OBV - On Balance Volume
PPO - Percentage Price Oscillator
PVO - Percentage Volume Oscillator
ROC - Rate Of Change
Standard Deviation - Volatility
Stochastics RSI
Support and Resistance
TRIX
TSI - True Strength Index
Ulcer Index
Ultimate Oscillator
Volume by Price
VTX - Vortex Indicator
Williams % R
Chart Setup 1
Chart Setup 2
Chart Patterns 1
Chart Patterns 2 The Best Bullish and Bearish Patterns
Choosing Indicators
Best part is that it's all FREE!
So what are you waiting for - Get started now!
Welcome to the Goodies and thanks for your contributions. Hang around, some Huge Alerts are posted here.
Mass Index Video
WATCH VIDEO - CLICK HERE <-
Learn all aspects of trading penny stocks in Chart School, Videos include;
Accumulation Distribution
ADX - Average Directional Index
Aroon
ATR - Average True Range
Bollinger %B
Bollinger Band Width
CCI - Commodity Channel Index
Chaikin Oscillator
CMF - Chaikin Money Flow
Coppock Curve
Correlation Coefficient
EMV- Ease of Movement
Fibonacci Retracement
Force Index
KST - Know Sure Thing
MACD Histogram
Mass Index
MFI - Money Flow Index
OBV - On Balance Volume
PPO - Percentage Price Oscillator
PVO - Percentage Volume Oscillator
ROC - Rate Of Change
Standard Deviation - Volatility
Stochastics RSI
Support and Resistance
TRIX
TSI - True Strength Index
Ulcer Index
Ultimate Oscillator
Volume by Price
VTX - Vortex Indicator
Williams % R
Chart Setup 1
Chart Setup 2
Chart Patterns 1
Chart Patterns 2 The Best Bullish and Bearish Patterns
Choosing Indicators
Best part is that it's all FREE!
So what are you waiting for - Get started now!
ADX - Average Directional Index Video
WATCH VIDEO - CLICK HERE <-
Learn all aspects of trading penny stocks in Chart School, Videos include;
Accumulation Distribution
ADX - Average Directional Index
Aroon
ATR - Average True Range
Bollinger %B
Bollinger Band Width
CCI - Commodity Channel Index
Chaikin Oscillator
CMF - Chaikin Money Flow
Coppock Curve
Correlation Coefficient
EMV- Ease of Movement
Fibonacci Retracement
Force Index
KST - Know Sure Thing
MACD Histogram
Mass Index
MFI - Money Flow Index
OBV - On Balance Volume
PPO - Percentage Price Oscillator
PVO - Percentage Volume Oscillator
ROC - Rate Of Change
Standard Deviation - Volatility
Stochastics RSI
Support and Resistance
TRIX
TSI - True Strength Index
Ulcer Index
Ultimate Oscillator
Volume by Price
VTX - Vortex Indicator
Williams % R
Chart Setup 1
Chart Setup 2
Chart Patterns 1
Chart Patterns 2 The Best Bullish and Bearish Patterns
Choosing Indicators
Best part is that it's all FREE!
So what are you waiting for - Get started now!
$TMBXF News -Tombstone Exploration Corporation: Has completed Phase 2 Drilling at the Stardust Project. Nine RC Drill Holes Totaling 5000ft
https://www.otcmarkets.com/stock/TMBXF/news
Stochastics RSI Video
WATCH VIDEO - CLICK HERE <-
Learn all aspects of trading penny stocks in Chart School, Videos include;
Accumulation Distribution
ADX - Average Directional Index
Aroon
ATR - Average True Range
Bollinger %B
Bollinger Band Width
CCI - Commodity Channel Index
Chaikin Oscillator
CMF - Chaikin Money Flow
Coppock Curve
Correlation Coefficient
EMV- Ease of Movement
Fibonacci Retracement
Force Index
KST - Know Sure Thing
MACD Histogram
Mass Index
MFI - Money Flow Index
OBV - On Balance Volume
PPO - Percentage Price Oscillator
PVO - Percentage Volume Oscillator
ROC - Rate Of Change
Standard Deviation - Volatility
Stochastics RSI
Support and Resistance
TRIX
TSI - True Strength Index
Ulcer Index
Ultimate Oscillator
Volume by Price
VTX - Vortex Indicator
Williams % R
Chart Setup 1
Chart Setup 2
Chart Patterns 1
Chart Patterns 2 The Best Bullish and Bearish Patterns
Choosing Indicators
Best part is that it's all FREE!
So what are you waiting for - Get started now!
Sub .01 Silicon Valley Biotech *****
Arrayit (ARYC) is located in the heart of Silicon Valley (927 Thompson Place
Sunnyvale, CA 94085
USA) and product sales are comparable to a company with a Market Cap 40X + where it is currently. We are awaiting completion of the audit covering 2014, 2015, 2016, and Q1 - Q3 of 2017. Upon the completion we expect share price to multiply many times. Most companies trade at 15-28X earnings, ARYC is trading at less than 1 times earnings.
Please do your due diligence and review these links I am providing.
Shareholders are welcome to visit the company which is something that is almost never found in sub $ stocks.
Arrayit's products are selling, in the tens of thousands of dollars .... every single day (@Arrayit on Twitter) Trading at under a penny per share and the float is almost entirely locked. Anyone selling their shares currently has not done any real due diligence on the company. Arrayit has, and is, undergoing drastic changes and is in the process of getting current in their financials using the prestigious audit firm RRBB.
A link to their products list:
http://www.arrayit.com/Products/products.html
The company is working to increase your share price and has actually stated that is its intention. Do not miss an opportunity, buy as many shares as possible, I know the share price for Arrayit has potential to reach $.25 to .75 a share, easily, with PPS potential of $1+ next year. This is an opportunity of a lifetime.
ARYC: Arrayit
http://www.arrayit.com/
@Arrayit
Check out their website:
www.arrayit.com
Arrayit Corporation
927 Thompson Place
Sunnyvale, CA 94085
USA
Phone 408-744-1331
FAX 408-744-1711
Email arrayit@arrayit.com
Web www.arrayit.com
$TMBXF -Beacon Equity Research Report #Mining #Minerals #Drilling
http://www.tombstonemining.com/index.php/investors/2014-09-24-17-17-09/beacon-equity-research-report
StockGoodies Website and Learning Center is up and running!
Learn All You Can - It's Totally FREE!!!!
http://www.stockgoodies.com
Ulcer Index Video
WATCH VIDEO - CLICK HERE <-
Learn all aspects of trading penny stocks in Chart School, Videos include;
Accumulation Distribution
ADX - Average Directional Index
Aroon
ATR - Average True Range
Bollinger %B
Bollinger Band Width
CCI - Commodity Channel Index
Chaikin Oscillator
CMF - Chaikin Money Flow
Coppock Curve
Correlation Coefficient
EMV- Ease of Movement
Fibonacci Retracement
Force Index
KST - Know Sure Thing
MACD Histogram
Mass Index
MFI - Money Flow Index
OBV - On Balance Volume
PPO - Percentage Price Oscillator
PVO - Percentage Volume Oscillator
ROC - Rate Of Change
Standard Deviation - Volatility
Stochastics RSI
Support and Resistance
TRIX
TSI - True Strength Index
Ulcer Index
Ultimate Oscillator
Volume by Price
VTX - Vortex Indicator
Williams % R
Chart Setup 1
Chart Setup 2
Chart Patterns 1
Chart Patterns 2 The Best Bullish and Bearish Patterns
Choosing Indicators
Best part is that it's all FREE!
So what are you waiting for - Get started now!
Support and Resistance Video
WATCH VIDEO - CLICK HERE <-
Learn all aspects of trading penny stocks in Chart School, Videos include;
Accumulation Distribution
ADX - Average Directional Index
Aroon
ATR - Average True Range
Bollinger %B
Bollinger Band Width
CCI - Commodity Channel Index
Chaikin Oscillator
CMF - Chaikin Money Flow
Coppock Curve
Correlation Coefficient
EMV- Ease of Movement
Fibonacci Retracement
Force Index
KST - Know Sure Thing
MACD Histogram
Mass Index
MFI - Money Flow Index
OBV - On Balance Volume
PPO - Percentage Price Oscillator
PVO - Percentage Volume Oscillator
ROC - Rate Of Change
Standard Deviation - Volatility
Stochastics RSI
Support and Resistance
TRIX
TSI - True Strength Index
Ulcer Index
Ultimate Oscillator
Volume by Price
VTX - Vortex Indicator
Williams % R
Chart Setup 1
Chart Setup 2
Chart Patterns 1
Chart Patterns 2 The Best Bullish and Bearish Patterns
Choosing Indicators
Best part is that it's all FREE!
So what are you waiting for - Get started now!
MACD Histogram Video
WATCH VIDEO - CLICK HERE <-
Learn all aspects of trading penny stocks in Chart School, Videos include;
Accumulation Distribution
ADX - Average Directional Index
Aroon
ATR - Average True Range
Bollinger %B
Bollinger Band Width
CCI - Commodity Channel Index
Chaikin Oscillator
CMF - Chaikin Money Flow
Coppock Curve
Correlation Coefficient
EMV- Ease of Movement
Fibonacci Retracement
Force Index
KST - Know Sure Thing
MACD Histogram
Mass Index
MFI - Money Flow Index
OBV - On Balance Volume
PPO - Percentage Price Oscillator
PVO - Percentage Volume Oscillator
ROC - Rate Of Change
Standard Deviation - Volatility
Stochastics RSI
Support and Resistance
TRIX
TSI - True Strength Index
Ulcer Index
Ultimate Oscillator
Volume by Price
VTX - Vortex Indicator
Williams % R
Chart Setup 1
Chart Setup 2
Chart Patterns 1
Chart Patterns 2 The Best Bullish and Bearish Patterns
Choosing Indicators
Best part is that it's all FREE!
So what are you waiting for - Get started now!
Daily Candlestick Chart for ROBK
[img]stockcharts.com/c-sc/sc?s=ROBK
Support/Resistance
Simple chart analysis can help identify support and resistance levels. These are usually marked by periods of congestion (trading range) where the prices move within a confined range for an extended period, telling us that the forces of supply and demand are deadlocked. When prices move out of the trading range, it signals that either supply or demand has started to get the upper hand. If prices move above the upper band of the trading range, then demand is winning. If prices move below the lower band, then supply is winning.
Day Trading: Day trading with the foreign exchange market is in some ways vastly different to that in other markets, in addition to which, day trading in the currencies market does not suffer from the unpleasant connotation that may spring to mind when one thinks of such things with relation to the stock market.
That said, if you have previously traded in other markets, then many items styles utilized in forex, such as forwards, futures, options, spread betting, contracts for difference and also the spot market are very similar to those used in the equity markets, and often maintain a minimum trade sizes for the base currencies.
It is worth noting however that day trading, being a fast moving, highly challenging trading style may not be for everyone. Should decide that day trading is for you, then there are also many different styles and variations of day trading with the currency market that you may wish to sample before choosing the form that feels right for you, or maybe you will prefer to utilize a series of styles.
The best way to learn the day trading styles with regards to forex markets is the same as in learning and perfecting any other trading style, or indeed other skill; by practice.
Talking to you forex trading mentor and other experienced day traders to see what styles have worked best for them over the years, ask for any hints, tips and techniques that may be of benefit and try them out before making the definitive choice of which style will be right for you.
Runaway Gaps
Runaway gaps are also called measuring gaps, and are best described as gaps that are caused by increased interest in the stock. For runaway gaps to the upside, it usually represents traders who did not get in during the initial move of the up trend and while waiting for a retracement in price, decided it was not going to happen. Increased buying interest happens all of a sudden, and the price gaps above the previous day's close. This type of runaway gap represents an almost panic state in traders. Also, a good uptrend can have runaway gaps caused by significant news events that cause new interest in the stock. In the chart below, note the significant increase in volume during and after the runaway gap.
Runaway gaps can also happen in downtrends. This usually represents increased liquidation of that stock by traders and buyers who are standing on the sidelines. These can become very serious as those who are holding onto the stock will eventually panic and sell – but sell to whom? The price has to continue to drop and gap down to find buyers. Not a good situation.
The term measuring gap is also used for runaway gaps. This is an interpretation that is hard to find examples for, but it is a way of helping one decide how much longer a trend will last. The theory is that the measuring gap will occur in the middle of, or half way through, the move.
Sometimes, the futures market will have runaway gaps that are caused by trading limits imposed by the exchanges. Getting caught on the wrong side of the trend when you have these limit moves in futures can be horrifying. The good news is that you can also be on the right side of them. These are not common occurrences in the futures market despite all the wrong information being touted by those who do not understand it, and are only repeating something they read from an uninformed reporter.
Daily Candlestick Chart for FBCD
[img]stockcharts.com/c-sc/sc?s=FBCD
$LUSI BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=LUSI
Price Objections based on a vertical count, horizontal count or any other count should be taken with a grain of salt. Consider these targets as broad guidelines. Securities will not always reach their targets. Some will even reverse course and trigger conflicting P
Daily Candlestick Chart for NVIV
[img]stockcharts.com/c-sc/sc?s=NVIV
Industry/Company Specific
Valuation techniques vary depending on the industry group and specifics of each company. For this reason, a different technique and model is required for different industries and different companies. This can get quite time-consuming, which can limit the amount of research that can be performed. A subscription-based model may work great for an Internet Service Provider (ISP), but is not likely to be the best model to value an oil company.
Dow Theory
There is also proof that one of the oldest systems around can outperform the market and reduce risk. Dow Theory seeks to buy when both the Dow Transports and the Dow Industrials record new reaction highs and sell or move into Treasuries when both record new reaction lows. The move out of stocks and into Treasuries greatly reduces risk because one is not exposed to riskier stocks. There have been a few big bad bear markets over the years and preserving capital is one of the keys to investment success.
Stephen Brown of New York University, William Goetzmann of Yale, and Alok Kumar of the University of Notre Dame published a study on Dow Theory in the Journal of Finance. The Dow theory system was tested against buy-and-hold for the period from 1929 to 1998. Over the 70-year period, the Dow theory system outperformed a buy-and-hold strategy by about 2% per year. In addition, the portfolio carried significantly less risk. If compared as risk-adjusted returns, the margin of outperformance would be even greater. Over the 18 years from 1980 to 1998, the Dow theory system has underperformed the market by about 2.6% per year. However, when adjusted for risk, the Dow theory system significantly outperformed buy-and-hold over this timeframe. Keep in mind that 18 years is not a long time in the history of the market and this period was during one of the greatest bull markets in history (1982 to 2000).
Daily Candlestick Chart for GAEC
[img]stockcharts.com/c-sc/sc?s=GAEC
$FLXT BarChart Trader's Cheat Sheet
http://www.barchart.com/cheatsheet.php?sym=FLXT
Kagi Chart Parameters
There are three ways to specify the reversal amount that is used in the construction of a Kagi chart: Absolute points, Percentage, and Average True Range (ATR).
Absolute Points
With the Absolute Points method, you specify the number of points that a stock must reverse before a change in the Kagi line occurs. The advantage of this method is that it is very easy to understand and predict where reversals will occur. The disadvantage is that the point value needs to be different for high priced stocks than for low priced stocks. Typically, you will need to choose a value that is roughly 1/20th the average price of the stock during the time frame you want to chart. Common values include 1, 2, 4, and 10.
Important Note: The Default for Kagi "Pts" method is currently 14, which is too large for most stocks. You'll need to change it to a smaller number to get a useful chart.
Percentage
The Percentage method causes a reversal each time prices move more than the percentage that you specified. This has the advantage of not needing to change the setting if the value of the stock changes significantly during the time period being charted. The disadvantage is that it isn't easy to predict exactly where the next reversal will occur.
Average True Range (ATR)
The Average True Range (ATR) method uses the value of the ATR indicator to determine where the next reversal should occur. The ATR indicator is designed to ignore the normal volatility of a stock, and thus it can "automatically" find good reversal levels regardless of the value or volatility of the stock selected. ATR with a value of 14 is the default value for Kagi charts and should generate a very usable chart in most cases.
Daily Candlestick Chart for ANDI
[img]stockcharts.com/c-sc/sc?s=ANDI
Where does this overhead supply come from? Demand was obviously increasing around 18 from Oct-98 to Mar-99 (green oval). Therefore, there were a lot of bullish buyers of the stock around 18. When the price declined below 18 and fell to around 14, many of these (now unhappy) bulls were probably still holding the stock. This left a supply overhang (commonly known as resistance) around 18. When the stock rebounded to 18, many of the green-oval-bulls probably took the opportunity to sell and "escape" with little to no loss. When this supply was exhausted, the demand was able to overpower supply and advance above resistance at 18.
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08/22/10
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Free
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Moderator Nilbud | |||
Assistants mick ManicTrader PhotoChick Kirimi $Pistol Pete$ |
Investor Hub Alerts: Sign up for 'STOCKGOODIES PLAYS OF THE WEEK ' E-Mail List UPDATE; 5-1-22 courtesy of charting /\ wit tweezer top calls /\ Tony @Montana_Trades Really good study sheet on Candlestick Patterns [-chart]pbs.twimg.com/media/FRn8188XMAAdZvk?format=jpg&name=small[/chart]
02-07-2021
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