Replies to post #12382 on Zion Oil & Gas Inc (ZNOG)

[Imperial Whazoo]

Yeah, a long time back, I was pondering ways to take "opinion" out of chart reading & it hit me that I needed to depart from the protection of the pack & fiddle around a bit. So, instead of 60, I use 65 (390/65=6 periods per day), for example.

Once I did this, it became standard practice. And pretty much based on the peculiarities of any given stock, I try various periodocities that are all factors of 390 until I see how a particular stock trades. I remember eons ago my biology classes and I had a microscope assigned to me that had a 3-click lens for three magnifications for slides. I look at the splay of factorables of 390 as my magnification set.

It works too.

IW

EDIT: and for ZN, I'm using 3 & 10 at the moment.

[Imperial Whazoo]

I think it worth point out that 2 is a factor of 390, so its in my magnification set, but in the case of ZN, 2 is too granular. In fact, 3 is a tad too granular. The usables are 1 2, 3, 5, 6, 10, 13, 15, 26, & 30 (in the 30-or-less range). So, I could use 6 instead of 3, but right now, I'm using 3 because I think, in a low volume instance (like ZN), 6 is too close to 10 & 10 is the main usable in ZN's case. So, I use 3 and 10 to get enough difference to make the resulting chart mean something.

My opinion only, mind you.

IW