Replies to post #8983 on MATRIX Penny Stocks

[JeffNC]

Omni, great post. In you're first chart there USXP, what do you expect from the symetrical triangle being formed. Bounced really good Friday off the 32DA.

[bwm4e]

Omni- great post and gret post.....each of your educational posts makes know alot more about stock ......thanks

[bwm4e]

here is some website about how to look at AROON indicator for a bullish trend reversal.......not sure is it rite .....hope it does help someone
http://trending123.com/patterns/bullish_trend_reversal.htm

[JeffNC]

Question........RSI is normally calculated using 14 periods. I assume the 66 is in replace of the 14. What is the (5) and (3). Thanks.

[Show The Light]

Omni- Excellent Job! Question for you.

Fibonacci numbers are really great. But how did you find the number 66 in these numbers like 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc., etc, to infinity.

Just curious.

ShowTheLight

[Susie924]

Good morning Omni,
Almost my entire "keep" box has posts by you in it!!
I feel like Saturday is chart school at Omni's!!! LOL

Another poster here who I have known for a long time once tried to teach me a little bit about Stochastics and Williams %R.

I am on the thick headed side so he wasn't too successful but I was under the impression that the higher the stochastics went the more overbought it was?

What makes 66 such a good number?

Someday I hope this will become clear to me but for now I am still a bit bewildered by it all?

[Ruellit]

Bill, thats a fantastic educational post and you have my thanks once again! Super post!

[DAVE_007]

Omni..per your charts I notice you evidently like
3,10, 5 for your MACD settings. I guess that would give a person a more 'close up' view of the macd. Correct?..
I gave up the standard default setting on StockCharts 12,26,9 a long time ago and have been using 8,17,9 for awhile..may try your 3,10, 5 for an even better 'view'.

DD

[stock_hippie]

omni is APBH an overbought candidate?

[Sentinel]

Omni...Thanks for that post. I'm curious if you use it as an exit indicator as well? While you wouldn't be etting out at the top, once a stock hit a Stochastic of 85-90, it looks like the run is about done, and an exit seems prudent. Do you use it that way?

[chessnut]

like I said Omni University had not seen this at that time. I really did not understand the STOCHASTICS. I will take more care in what I am reading on the charts. The more you teach the more I find out I did not know. You the man omni.

[barchart bar stool]

thanks for the info

I am a newbie although I have been blindly trading for a couple of years.I need a rec on a good TA book.On the 66 stoch do you put that in the chart as the lower level?

Thanks for patience-I am trying to learn this