Forum Archive Index - May 2003

[Phaedrus <Phaedrus@techemail.com>]

Snoopy,
       You ask if technical analysis would have given a buy signal on TRH last 
Monday.
 Here is an assortment of indicators with their associated signals. Most of the 
buy signals triggered on the Thursday and Friday before. All the charted 
indicators use the MetaStock default period of 14 days - none have been 
optimised for this stock. I have used default values only, and left out 
trendlines altogether in an attempt to avoid accusations of hindsight, curve 
fitting, etc.
 The low of 16/4/03 was marked by a very clear classical price/volume climax - 
these often mark significant turning points. That was certainly the case here, 
with the new TRH uptrend being confirmed on Friday 9/5/03. I have not put the 
volume histogram on the chart because of lack of room.
      Regards,
               Phaedrus.

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