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Re: None

Sunday, 04/02/2006 7:26:56 PM

Sunday, April 02, 2006 7:26:56 PM

Post# of 47295
low trade...Reversal not detected

I have been using the 5DMA 10DMA 20DMA scan as shown
BTW it is a great scan...thanks

http://stockcharts.com/h-sc/ui?s=qoil&p=D&yr=0&mn=3&dy=0&id=p38014569686

on a daily bases to detect up or down reversals. I have been able to get in & out(at or near bottoms & highs) for maximum return....made some great money using your scan

I watch the 5 DMA cross the 10DMA & 20DMA...once the 5DMA rolls up or down against the 10DMA & 20DMA it indicates the bottom or top has turned....on March 24th the 5DMA was headed straight up & 10DMA was above 20DMA...headed up....volume was low & on Monday, the 27th, volume picked up & it ran again.

My question:

What other indicator(s) could have told me it was getting ready to run...Could I have used another type of scan to indicate the run about to happen....did the 10DMA being above the 20DMA indicate the run was about to happen.......?
I have also noticed the black line ( what does it indicate ) on the ADX turns prior to reversal...it had not turned on the 27th...it was still headed North...but this is not always the case for a reversal.


Thanks in advance

cha-ching








I invest strictly off charts......do ur own DD


I invest in stocks that trade 500,000 + shares a day
DO NOT BUY OR SELL SECURITIES BASED ON ANYTHING THAT I POST


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