Forum Archive Index - November 2001

["second LIFE" <secondstep70@hotmail.com>]

James,
A technical indicator which might be useful to find bottomed out stocks is  
Weighted Average Volume. This indicator uses volume to show 
strength/weakness in bearish behavior. If a stock reaches an all time low 
and the indicator is higher than the previous low, it indicates a potential 
buying oportunity.

It is still safer to wait till a trend develops however.

I have have yet to prove this indicator works, but I read about it in the Dr 
Alexander Elder book. (Trading for a living). Does anybody use this 
indicator?

Second


>From: "james.goodman" <james.goodman@staff.ihug.co.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: <sharechat@sharechat.co.nz>
>Subject: [sharechat] advice
>Date: Fri, 16 Nov 2001 13:05:47 +1300
>
>Am I still learning and this forum is helping very much, but  I am 
>wondering
>where you would go to find out\or how you would know to invest and pick any
>stock to invest in, say if  it had a downward trend-bar from when it begins
>to rise how would you pick it.
>
>If it jumped suddenly you would not be able to get the maximum benefit of
>the stock. Is there a way of picking the stock before it rises.?
>
>Help here is always appreciated.
>
>Thank you
>
>
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