Chart Analysis

[vectorman]

Watch the 10 yr also.

http://finance.yahoo.com/q?s=^TNX

View attachment 10592

 

[jpcavin]

Has anyone used the following three indicators at once?

Williams %R
RSI
MACD

Can someone create a chart using those three indicators and post the results? Please?

I swear I am going to figure this chart business this weekend, once and for all!

 

[KevinD]

Go to stockcharts.com and play around with the settings at the bottom.

http://stockcharts.com/h-sc/ui?s=$EMW&p=D&yr=0&mn=3&dy=0&id=p32728521832

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p32728521832

http://stockcharts.com/h-sc/ui?s=AGG&p=D&yr=0&mn=3&dy=0&id=p32728521832

 

[jpcavin]

Go to stockcharts.com and play around with the settings at the bottom.

http://stockcharts.com/h-sc/ui?s=$EMW&p=D&yr=0&mn=3&dy=0&id=p32728521832

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p32728521832

http://stockcharts.com/h-sc/ui?s=AGG&p=D&yr=0&mn=3&dy=0&id=p32728521832

Thank you once againg Kevin! I read somewhere that the best 3 indicators to trade with are williams percent R, RSI, and MACD. If you look a stock chart and put in williams %R , whenever it touches -100% and you buy, you are almost certain to make money in an uptrending stock on that particular day. When these 3 indicators line up they can produce a high winning percentage of trades if you employ good money management and sell in a few days.

 

[Birchtree]

Judy,

You may wish to review my #11132 post on RSI.

 

[Steel_Magnolia]

Judy, have you ever heard of the word "multicollinearity"?

Most indicators show either momentum, trend, or volume. Sometimes we start picking indicators that just give us variations on the same information. If we want to avoid multicollinearity, we should avoid choosing too many of the same types of indicators.

I would suggest a Chinese menu approach. Choose one momentum, one trend, and one volume indicator. Here is a partial list:

View attachment 10862​

Everybody has their favorites, but mine are stochastics, Chaikin money flow and MACD histogram.

Please let me know if you have any questions.

Ann

 

[jpcavin]

Judy, have you ever heard of the word "multicollinearity"?

Multi-what? I love the chart. At least it breaks the indicators by category. Will copy and paste to my account talk for later use. It will be very handy.

I need to be able to define search criterias, create charts, and read the output. I need to take a class, that's all there is to it. Kevin sent me a link to an online chart video and I found a couple of other links. Will try to get through them this weekend.

I don't have the tools to make any informed decisions on market timing. I only have a very general understanding of Long Term, Buy-and Hold Value investing.

Thanks
Judy

 

[jpcavin]

Judy,

You may wish to review my #11132 post on RSI.

Thanks for reminding me where this was. Copied to my account talk.
I just don't have all the tools to use it. Gotta figure out how to create charts and read the charts. Unless there is a short cut?

 

[Birchtree]

Technical analysis is a lot like a wind sock - they can indicate directions and not much more.

 

[jpcavin]

Technical analysis is a lot like a wind sock - they can indicate directions and not much more.

I know, but I can choose to go with the wind or not. In my current situation, I don't have that choice because I don't know which way the wind is blowing. :cheesy:

 

[Viva_La_Migra]

I know, but I can choose to go with the wind or not. In my current situation, I don't have that choice because I don't know which way the wind is blowing. :cheesy:

As long as you don't break wind, go for it.

 

[KevinD]

Judy, have you ever heard of the word "multicollinearity"?

http://stockcharts.com/school/doku.php?id=chart_school:trading_strategies:multicollinearity

 

[TSPIntel]

Technical analysis is a lot like a wind sock - they can indicate directions and not much more.

You are absolutely right. It indicates the past not the future. Sadly, there are tons of followers of technical analysis looking blindly and without knowing the inside of the charts directions.

 

[jpcavin]

You are absolutely right. It indicates the past not the future. Sadly, there are tons of followers of technical analysis looking blindly and without knowing the inside of the charts directions.

I thought it indicated the direction of the momemtum.

 

[JTH]

Nothing predicts the market's future, not technical analysis, fundlemental, buy & hold, nor you're mom. And if you're going to use someone's quote, at least get it right.

“Technical analysis is a windsock, not a crystal ball.” Carl Swenlin.

 

[TSPIntel]

I thought it indicated the direction of the momemtum.

If you are correct, you need to define market momemtum. Remember there are charts for diffrent time frames also, and what causes the turning points on the charts?

 

[TSPIntel]

Nothing predicts the market's future, not technical analysis, fundlemental, buy & hold, nor you're mom. And if you're going to use someone's quote, at least get it right.

“Technical analysis is a windsock, not a crystal ball.” Carl Swenlin.

They all just indicators ! It is hard near to impossible to do pronostics on market precipitations or turns. To determine the pulse of the market, in my opinion, is almost an art, "the beauty in the eyes of the beholder"

 

[vectorman]

Looking at the VIX, there is a real big move that is about to happen. Maybe not today, but real soon. If you are a Bull , the market may be hoping for some intervention from the Fed. Also for the Bulls, there is a possible inverse Head and Shoulders pattern for a long shot. Many of the patterns look similiar to the patterns from Oct 2008 to Feb 2009.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a0Ii37swxioo

http://www.pbs.org/newshour/bb/business/jan-june09/economylead_03-10.html

Vix today


Vix end 2008 to Spring 2009. March 10th of 2009 good news from Citigroup and Helicopter Ben helped to release the Vix spring.

 

[vectorman]

Inverse Head and Shoulder long shot.

http://stockcharts.com/school/doku...._analysis:chart_patterns:head_and_shoulders_b

 

[Mapper]

To me that VIX chart looks like it's finally relaxing to normal daily ranges (of the last year anyway), not so much "coiling".

Maybe you are saying that reduction in daily VIX swings may lead to a more stable price trend/direction? If so, I hope that direction is up!