AI
Wednesday, September 27, 2006 11:33:17 AM
Fuagf, this is the other chart I use to track buy and sell points.
In this chart I manipulate the RSI and the MFI until they match the price spikes and dips. Red lines are 'buy' days and blue lines are 'sell' days.
Today would be a sell day. Using this method does NOT guarantee that you will hit the best price everytime, but that's okay, no need to be greedy, leave some for the other guy. Also I have found this system only works for stocks with high volume AND AT SOME POINT THE PATTERN WILL BREAK. When the pattern breaks, it's time to reset the parameters or find another stock.
At some point in time, EVERYBODY sells, so you might as well take advantage of it.
In this chart I manipulate the RSI and the MFI until they match the price spikes and dips. Red lines are 'buy' days and blue lines are 'sell' days.
Today would be a sell day. Using this method does NOT guarantee that you will hit the best price everytime, but that's okay, no need to be greedy, leave some for the other guy. Also I have found this system only works for stocks with high volume AND AT SOME POINT THE PATTERN WILL BREAK. When the pattern breaks, it's time to reset the parameters or find another stock.
At some point in time, EVERYBODY sells, so you might as well take advantage of it.
There is only one success - to be able to spend your life in your own way
