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Post# of 8725
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Myst

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Myst

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Re: nimbus post# 3333

Friday, 11/22/2002 7:00:10 PM

Friday, November 22, 2002 7:00:10 PM

Post# of 8725
nimbus

Did you see my post about re-entering if X_DEV has gone to an all cash position and price has continued higher? Link below:

http://www.investorshub.com/boards/read_msg.asp?message_id=569322

X_DEV works great in sideways or gently sloping trends but it is also great at signaling trend shifts, so that when a trend shift occurs you can capitalize on that too!

Look at it this way, X_DEV continuously monitors the average 12 day deviation of a stock. The user sets the upper and lower deviation bands to go beyond the average and pick out the average "extreme" deviation of a stock. If this "extreme" deviation is hit multiple times, to the point where X_DEV has gone to all cash(uptrend) or all stock(downtrend) AND price continues in the same direction for a few more days, it is a pretty good bet that a major event or trend change has occurred.

When this occurs with your X_DEV play you should follow the advice given in the link I supplied above OR, in the case of a downtrend and you have gone to an all shares position and price continues downward, you could simply:

1) set a stop limit and exit 25%, 50%, 75% or 100% of the play. If you have only exited a partial amount and price rebounds, then you're relatively safe. If price continues to decline, and your due diligence suggests the fundamental picture of the stock has taken a major turn then consider another partial or full exit and move on to a better X_DEV play.

The point is, X_DEV will signal you to major events in the course of a stocks price trend. There is never any guess work if you monitor the play on a daily basis, which I think most users of X_DEV tend to do anyway.



~Myst~

~Mystic One~

http://stockwerld.com
(What matters)
http://www.investorshub.com/boards/board.asp?board_id=2543

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