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husk

01/13/06 6:21 PM

#17113 RE: northam43 #17110

Hi Lindy...nothing exotic...I try to determine the short-term trend, and stay with that..I use weekly charts to identify that...weeklys on price, nasi, bpcomp, naa50, and like breadth indicators.

During the week, I look for indications that those indicators may be changing.....moving averages, or support/resistances failures or confirmations are important.

I am intrigued by position trader's (Marc) idea about using a 7ema on the nasi, and an override using rsi5 if that system triggers below 30, and then closing the position when rsi5 goes above 50...and resuming following the 7ema again, until that indicator changes. A report on a backtest of that system showed good results.

Ken Wong has an excellent site that brings many relevant indicators and ideas into play.

It seems to me that there are many good traders here, and a number of good systems in use...the choices probably come down to one's comfort level, and individual circumstances.

regards.