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Re: creede post# 2547

Wednesday, 12/13/2006 7:01:17 PM

Wednesday, December 13, 2006 7:01:17 PM

Post# of 17370
LBWR-chart indicators

[Top of Chart] Relative Strength Index (RSI) A popular oscillator developed by Welles Wilder, Jr. and described in his self-published 1978 book "New Concepts in Technical Trading Systems". RSI is plotted on a vertical scale from 0 to 100. Values above 70 are considered overbought and values below 30, oversold. When prices are over 70 or below 30 and diverge from price action, a warning is given of a possible trend reversal.
This is your momentum indicator, you want it above 50 for upward movement

Indicators Below chart

ADX and AROON's I use to show what kind of trend I'm in and how strong it is.
http://stockcharts.com/education/IndicatorAnalysis/indic_ADX.html
http://stockcharts.com/education/IndicatorAnalysis/indic-Aroon.htm

CMF, ACC/Dist I use to tell me if possible dilution might be going on, you want CMF positive and ACC/Dist turning north
http://stockcharts.com/education/IndicatorAnalysis/indic_ChaikinMoneyFlow1.html
http://stockcharts.com/education/IndicatorAnalysis/indic_AccumDistLine.html

WMS%R [Willie] I use him to tell me if the stock is oversold or overbought
http://stockcharts.com/education/IndicatorAnalysis/indic_williamsR.html


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