Forum Archive Index - August 2001

[Phaedrus <Phaedrus@techemail.com>]

Ross,
      You have got yourself out of sync with the market, buying when you should 
be selling, and selling when you should be buying. This can easily happen if 
you are unclear as to what timeframe you are operating in - what type of trader 
you are. Long-term traders and holders of RCH are happy - it is in a long-term 
uptrend. Medium-term traders are happy - they have doubled their money in 3 
months, and have sold, locking in the profits. Short-term traders are happy - 
RCH is in a short-term uptrend. 
  I do not understand what you mean when you say "I thought that using a 
'trigger' below the previous days close would have left me in." 
  Below is an updated Candlestick chart, with MACD, MACD Histogram and 
Stochastic oscillator. You can read about interpretation of these indicators at 
http://www.equis.com/free/taaz/intindicators.html          Dr Alexander Elder 
devotes a large proportion of his book "Trading for a Living" to explaining how 
he uses these indicators in combination as his trading system. In my opinion 
though, Elder's triple screen system is not well suited to small lightly traded 
stocks such as RCH.  
                 Phaedrus.

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