Comments on: Top Ten Stocks Extended Beyond their Moving Average http://blog.afraidtotrade.com/top-ten-stocks-extended-beyond-their-moving-average/ Helping traders overcome fears and emotions in trading Thu, 09 Feb 2012 14:53:15 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: burdickrobert http://blog.afraidtotrade.com/top-ten-stocks-extended-beyond-their-moving-average/comment-page-1/#comment-210103 burdickrobert Sat, 08 Aug 2009 12:30:12 +0000 http://blog.afraidtotrade.com/?p=2713#comment-210103 There is another link under the category of personal finance but it has nothing to do with finance. If you have difficulties in making payment, you can click the link named <a href="http://www.wachoviabankviews.com/" rel="nofollow">wachoviabank.com</a>. You will have an expert helping you to fix your problems and you don’t have to go out of your home to get the service. What you need to do is to choose a button between the two “call us today” and “we’ll call you”. Don’t you think this service shows the attentiveness and consideration of the Wachovia? It’s really good in my opinion. There is another link under the category of personal finance but it has nothing to do with finance. If you have difficulties in making payment, you can click the link named wachoviabank.com. You will have an expert helping you to fix your problems and you don’t have to go out of your home to get the service. What you need to do is to choose a button between the two “call us today” and “we’ll call you”. Don’t you think this service shows the attentiveness and consideration of the Wachovia? It’s really good in my opinion.

]]> By: Corey Rosenbloom http://blog.afraidtotrade.com/top-ten-stocks-extended-beyond-their-moving-average/comment-page-1/#comment-128300 Corey Rosenbloom Tue, 05 Aug 2008 03:06:09 +0000 http://blog.afraidtotrade.com/?p=2713#comment-128300 Terry, Thank you for your comment and support. I am not familiar with Renko charts so I cannot be of assistance there. I use candle charts and measure swing highs and lows, as well as moving average orientation, to determine trend. Overbought/sold indicators fail and are essentially useless in 'run-away' or grossly extended trends - what is overbought (as in RSI or stochastic) will continue to get more overbought in a dramatic trend, so these aren't as valuable. Often, price leads fundamentals, such as the price will bottom (or reverse) ahead of fundamentals (or news) and also emotion/psychology can drive prices well beyond rational fundamental valuation. How you trade overextended stocks is your preference, and I recommend finding a strategy and deploying it consistently, whatever it is you choose (fade strength or to go with strength). Terry,

Thank you for your comment and support.

I am not familiar with Renko charts so I cannot be of assistance there. I use candle charts and measure swing highs and lows, as well as moving average orientation, to determine trend.

Overbought/sold indicators fail and are essentially useless in ‘run-away’ or grossly extended trends – what is overbought (as in RSI or stochastic) will continue to get more overbought in a dramatic trend, so these aren’t as valuable.

Often, price leads fundamentals, such as the price will bottom (or reverse) ahead of fundamentals (or news) and also emotion/psychology can drive prices well beyond rational fundamental valuation.

How you trade overextended stocks is your preference, and I recommend finding a strategy and deploying it consistently, whatever it is you choose (fade strength or to go with strength).

]]> By: Corey Rosenbloom http://blog.afraidtotrade.com/top-ten-stocks-extended-beyond-their-moving-average/comment-page-1/#comment-128299 Corey Rosenbloom Tue, 05 Aug 2008 03:03:19 +0000 http://blog.afraidtotrade.com/?p=2713#comment-128299 Thomas, The simple code I programmed is the following: input: length( 20 ); Value1 = ((close - average( close, length))/(average( close, length))) ; Plot1( Value1, "Plot1" ) ; Thanks! Thomas,

The simple code I programmed is the following:

input:
length( 20 );

Value1 = ((close – average( close, length))/(average( close, length))) ;
Plot1( Value1, “Plot1″ ) ;

Thanks!

]]> By: thomas http://blog.afraidtotrade.com/top-ten-stocks-extended-beyond-their-moving-average/comment-page-1/#comment-127947 thomas Sun, 03 Aug 2008 14:34:46 +0000 http://blog.afraidtotrade.com/?p=2713#comment-127947 How did you calculate the % from MA in TradeStation? How did you calculate the % from MA in TradeStation?

]]> By: Terry http://blog.afraidtotrade.com/top-ten-stocks-extended-beyond-their-moving-average/comment-page-1/#comment-127923 Terry Sun, 03 Aug 2008 07:28:11 +0000 http://blog.afraidtotrade.com/?p=2713#comment-127923 Hi Corey, thank you for an excellent blog to help other people. For cases like BAC during these times, are RENKO charts reliable to tell us trends or directions? Or do we rely on overbought/oversold ? or fundamentals and stay away from banks? Hi Corey, thank you for an excellent blog to help other people. For cases like BAC during these times, are RENKO charts reliable to tell us trends or directions? Or do we rely on overbought/oversold ? or fundamentals and stay away from banks?

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