Replies to post #9449 on Mostly: Classical

[Croesus I]

Hi Sexton O Blake,

Ideally, I would've shown you the monthly as well as the weekly & daily chart on BLD.to or any other POS stock.

I look to the weekly's & sometimes (but not always) the monthly to try & determine overall trend of a stock.

You said "<Is there a reason you are showing both "snapshots" and not sticking to only one - WEEKLY or DAILY?>>"

If I'm "sticking" to one it would be the long term chart either the weekly or the monthly.

In this case, what I'm looking for, aside from the noise of the various indicators, is price bottoming action. In other words can BLD.to (or whatever), hold it price action.

For me, this was very profitable when FN.to (Franko-Nevado)
now Newmount, bottomed a few years ago @ $13.00.

This was when everybody & their brother pissed on GOLD.

We shall soon see.

All, of course, FWIW only.

[Frank Pembleton]

sOb ... the longer the time period, the stronger the chart, but the slower it is to react to day to day activity. As for the plethora of indicators? I've seen technicians build their charts with the minimum of three STOs indicators all set to represent different time periods plus every other damned thing imaginable added to the chart. The theory portends to getting as much information as possible on one chart ... imho-- you can put w-a-y too much info on a chart to ever be able make a snap decision in the heat of the moment.

My advice would be to build several templates with indicators from the same family-- a template for trend following, a template for a volume study, maybe even one for short-term swing trading using the STO ... in time you'll figure out what works.

Anyway, why use this?



When all you really need is this:

[Croesus I]

Very cool example of a stock that turned "bad" very quickly...



In this case look at the negative MA crossover (ema 5 & 21) the concurrent cross-over of the DMI's with ADX gathering strength.

The other indicators confirm the dramatic decline of this POS.

All FWIW