Posted by: lowtrade
In reply to: MrBigz who wrote msg# 9557 Date:10/14/2007 11:28:30 PM
Post #of 12078
MrBig
One more thing I'd like to draw your attention too!
Your HMGP long weekly look chart shows the correct uses of the SARs indicator. IMO SAR's works best with long chart looks. With short chart looks they only help if the stock is climbing strong or falling strong.
The rule of thumb is own when dots are below & don't own when above. This is a long investment indicator IMO and works like the short swing trade indication of the 5,10,20 MA.
Each good for their time frame, but not for the wrong time frame. TA indicators have different good ones, for different time frames. IMO
Posted about this before, I like MACD, STO, RSI for investments and DMI, CMF, and short Aroon for trading. IMO each give a more accurate retail mindset for the different time frames. 5,10,20MA for own, don't own on trades & SARs dots for investements.
The difference is months holding vs. weeks holding.
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