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Topic: overall summary: strategies and time frame |
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goldblattrbz1
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Posted on: Mar 7, 2005 - 2:07pm
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I am using the "overall summary" to formulate strategies that I can use (ie: Long vs short strategies).
Please explain the time frame that I should use for my strategies?
Do you have any good strategies to share?
[:-smilearound-:]
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dan.chapmano3
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Posted on: Mar 13, 2005 - 12:04am
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*** Disclaimer: This response is just my opinion and is not investment advice.
I'm not an investment advisor, please check with a registered investment
advisor before investing.
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1. The "Overall Summary" indicator should be only used as a
general overall guide. It is a computerized tally of most of the bullish
and bearish indicators. As your experience with the tool
grows you will find that your analysis of the indicators
will be more important than the general overall summary
bullish/bearish percentage number.
Please note that the Breakout and Breakdown
alert and indications are generally independent of the
"Overall Summary" indicator. For example: Breakouts near
52 week highs may occur when the Overall Summary is bearish.
2. General trading timeframes for the StockConsultant tool are
typically from 3 days to 2 weeks for Breakouts and
Breakdowns and for other trade types it typically runs
from 1 to 6 weeks in duration (from buy to sell).
Most of the indicators and charts do not look at
a short enough timeframe for day trading.
Thanks,
Dan
*** Disclaimer: This response is just my opinion and is not investment advice.
I'm not an investment advisor, please check with a registered investment
advisor before investing.
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