Forum Archive Index - August 2003

[Phaedrus <Phaedrus@techemail.com>]

Mark,
     GPG is in clear Long and Medium-term uptrends. The green trendlines mark 
medium-term uptrends and the red trendlines mark medium-term downtrends. You 
can see that using these to trade GPG might be more profitable than simply 
buying and holding, but probably not by much.     
 Backtesting tells us that the best oscillators to use with this stock are the 
Chande Momentum oscillator, the Relative Strength Index and the Relative 
Momentum Index. These are plotted (using optimised parameters) at the top of 
the chart. Buy signals from each have been transferred to the price chart using 
red arrows for the RSI, blue for the RMI and magenta for the CMO. You can see 
that these give quite good entry points.
 So, when should you buy? The best answer I can give is "not now". GPG has been 
in its medium-term uptrend for over six months now. Sooner or later there will 
be a retracement, giving you an entry opportunity. You can see that, right now, 
none of the 3 charted oscillators are anywhere near giving a Buy signal. 
 Hope this helps, though it is not quite what you asked for!

             Phaedrus.

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