There are many types of chart analyst for stock market, which are the best and most usefull chart type? usch as RSI, MACD? please tell which are the Top5 charts for you, and why is that?
2007-03-22 13:41:33 · 3 answers · asked by Justin H 2 in Business & Finance ➔ Investing
Heck, I don't even try. Too lazy. I go to this site and they do the analyzing for me.
http://www.stockta.com/
2007-03-22 15:40:10 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I like MACD histogram. I use the 12,26,9 parameter set and watch for it to "roll over" at tops, and "bottom out" at bottoms. To catch things a little faster, I also plot an MACD histogram with 5,13,5 parameters. It is faster and leads the action a little better, although it gives more false signals. Using the two together works well for me. I also like to watch the crossings of the 7, 20, and 50 day EMAs. Some good signals there. A little late, but fairly certain. Missing a top's exact timing is OK. Missing the top altogether is not.
2007-03-23 04:04:41 · answer #2 · answered by ZORCH 6 · 0⤊ 0⤋
I only have one : Slow Stochlastic
It works most of the time if you are willing to follow it.
Start buying when it drops to 20 and more when it starts to move up above 20.
Sell when it reaches 80 and short when it turns to below the top.
2007-03-22 21:00:09 · answer #3 · answered by Anonymous · 0⤊ 0⤋