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Thursday, August 07, 2003 7:45:04 PM
US Industry Indices 5 Day 15 Minute Charts - Airlines, Banks, Biotech and Chemicals:
For short term trading I like 5 day 15 minute charts. I normally use additional indicators but basically these charts should show overbought and oversold situations on a short term basis well enough to make it worthwhile to run a full chart.
No matter what stock is traded it always works best to trade with the index with which it is most closely associated. I hope to eventually put together a long term portfolio based on stocks bought on lows that are confirmed by long term monthly charts but for short term trading these charts will help a lot.
For short term trading I like 5 day 15 minute charts. I normally use additional indicators but basically these charts should show overbought and oversold situations on a short term basis well enough to make it worthwhile to run a full chart.
No matter what stock is traded it always works best to trade with the index with which it is most closely associated. I hope to eventually put together a long term portfolio based on stocks bought on lows that are confirmed by long term monthly charts but for short term trading these charts will help a lot.
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