Best indicators to guess tops/bottoms; determine overbought/oversold areas

Discussion in 'Technical Analysis' started by WmWaster, Mar 11, 2006.

  1. kut2k2

    kut2k2

    Read Jack Schwager's Market Wizard books. Most of those success stories are about trend followers.
     
    #31     Mar 12, 2006
  2. Machron

    Machron

    reno4nook,

    When is a reversal "obvious"?


    MACHRON
     
    #32     Mar 12, 2006
  3. Thanks for your help.
    I looked for this data.
    At stockcharts.com I put in $NYUD for the chart which is daily only.
    Is it live there? Is there another source for avdvd for the NYSE?
     
    #33     Mar 14, 2006
  4. Why not do both?
    Trading markets - bottom/top pickers!
    Trending markets - trend followers!
     
    #34     Mar 14, 2006
  5. you don;t look to "indicators" to find tops bottoms.

    you look to support/resistance

    indicators AT BEST help you confirm, but they are lagging, and generally weak (for intraday trading)
     
    #35     Mar 14, 2006
  6. kut2k2

    kut2k2

    Sure, there's lots of support for that idea. I don't know how successful it is, but I guess that depends primarily on how well you can distinguish trend from chop. There're other threads in this forum dealing with that very subject.

    Good trading.
     
    #36     Mar 14, 2006
  7. ozzy

    ozzy

    I use the moon to determine bottoms and the sun for tops.

    Good Luck.
     
    #37     Mar 14, 2006
  8. When the tire treads are tattooed on your forehead?
     
    #38     Mar 14, 2006


  9. Very successful . And not that complicated actually .
     
    #39     Mar 14, 2006
  10. ================

    Wmwas
    Best=long & short experience/observation,.especially in a few stocks/derivatives. Havent found a/d to do that well for me, each to his own

    Williams %R,
    CCI, could help shorten the process some.

    Best to do bottom fishing in a farm pond:D

    I looked & recieved instruction;
    I looked & learned a lesson-Solomon ,trader king
     
    #40     Mar 14, 2006