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 Author  Topic: Definition of rally
kadip1kr

 Post a Reply To This Topic    Reply With Quotes    Posted on: Jun 2, 2009 - 4:41pm
Dan-

what defines the start and end of a rally- a stochastic cross or ma cross? Thanks

dan.chapmano3

 Post a Reply To This Topic    Reply With Quotes    Posted on: Jun 10, 2009 - 2:54pm
*** Disclaimer: This post is just my opinion (and may contain errors and false information) and is not investment advice.
I'm not an investment advisor, please check with a registered investment
advisor before any type of investing. *****


We don't use stochastic cross or ma crosses for the start/end of a rally.

Rallies typically start from either a recent support (trending or sideways stocks) or from a breakout through resistance. The actual start of a rally from support or breakout may sometimes be found on a break of the local channel (highs) shown on the 5 day intraday (15 min) chart.

Rallies may end on one of many conditions (or combinations of conditions):

- Targets T1 or T2 (exteme rally) reached (B0 for breakouts),
- A strong resistance area has been reached and/or overbought.
- A target and resistance reached.
- A target and resistance and a break of the local channel (lows) shown on the 5 day intraday (15 min) chart.
- A target and resistance reached and a confirming bearish candlestick pattern.
- A combination of above conditions with market or sector weakness.
- etc...

Dan





 

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