eSology

USING PCQUOTE FREE CHARTS WITH THE PCR (PERCENT OF RESISTANCE) AND SUPERIMPOSED INDICATORS TO DETERMINE A STOCKS TREND AND LENGTH OF RALLY!

COMPLETELY NON-TECHNICAL for "the rest of us."


From my never ending "bag of technical tricks" and "wondrous secrets" I keep secured and guarded in a great chest located in the main hall of the manor house Elfinore, the ancestral estate of clan Parker. - - - - - - - - - - -

ANOTHER FREEBIE ! ! ! ! ! ! ! ! ! First announced in a chat session (you weren’t there --- why not?)


First I shall let loose the secret of the ages and then I will try to compare results with my little RSIWLR stock directional indicator, which uses a similar principle.

You do not have to use all the indicators I have set up (I just happen to love all that confusion) to get decent results. My method of using the system is to check the PCR FIRST when i'm checking a stock -- if it shows "ready to reverse" or that the stock has reversed, it gets my attention and I will look further. (Ready to reverse is when the PCR is pointing up and starts down. When the PCR hits the bottom, its time to be elsewhere, although the PCR will go sideways as the stock continues its uptrend. In that situation, as soon as the PCR starts up, get out!

After I have verified a stocks movement, I take notice of whether a "fast" indicator is crossing a slow indicator in any of the indicators I normally use! If that has happened, I count the number of days in the rally --- one and two is great, but I do not buy on the third day! (Stock gaps and then usually sells off -- why buy at the high of the move??)


Go to "www.pcquote.com" and make your way to "charts" please note that these charts appear to be realtime, although not streaming (stock_analyzer pointed that out to me today).
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to select and change indicators and values, go to "select indicators" at the upper left side of the page.

Enter the indicators and values you wish from the left list and bring them to the right side list. (To have more than one indicator per panel, simply CHOOSE THE SAME INDICATOR AGAIN and continue moving the SAME indicator over to the right, as many times as you wish, setting different values for each! (More than 3 is overkill -- some would say more than 2 are not needed!)

For my linear regression channel, I use the number of trading days in the time period you will be viewing -- for a 3 month chart that is 62 days. You do the rest of the math.

When you have all your indicators --- DONT FORGET THE PERCENT OF RESISTANCE indicator --- that’s the one that started all of this! And remember, the PCR moves OPPOSITE to the direction of the stock. DOWN is good and UP is not (unless you’re shorting)!

For our purposes, it would probably be best for you to print the charts, cut them out and tape them all together and then you can follow the lines and the dots and the 8 X 10 colored glossies with the circles and the arrows and all that stuff!

Once you’ve done that, cut out the RSIWLR indicator and take a look at what they both show about a stocks movement. Please feel free to ask questions, but most of it is pretty self-explanatory once you look at a few stocks and note what shows what movement.

but thru it all, the PERCENT OF RESISTANCE indicator, turning or heading down, will just about always show IF a stock is going to rally, and HOW LONG it might rally by how far it moves each day ! (i usually find that each day is a third --- 3 days to a whole movement (more below !)

Just send the checks and kudos to the ancestrol manor house, "Elfinore" ---- the government knows where I live!

trade well,

mp





I didn’t mean to leave the RSI without arrows, but I did forget to put them in --- but you can see when crosses take place --- in fact, use any of your fav indicators and just watch for the cross !



THIS IS THE END OF THE PC QUOTES CHART. -- NOW FOR THE PROPHET CHARTS AND MY RSIWLR ANALYZER!
Used together you have a dynamic duo, like Batman and Robin, The Lone Ranger and Tonto, Sylvester and Tweety, Mutt and Jeff, budweiser and the clysdales --- and so on !


note that while I may have more arrows being used on the RSIWLR, it really shows the same movement points as pcquote charts. It was just easier to put in the arrows, so I used more!

Now different stocks will show different behaviors, but the PCR always seems to be right on. follow the general rules (don’t buy on the third day EXCEPT for a gap play, if the overall market is selling off or the averages are going down, your stock will NOT rally as high as it would in a positive market.) and you should do just fine with the pennies.

If you play the more senior stocks, these analyzer methods will tell you EVERYTHING you need to know to make money, as the stock tends to move more "smoothly" and follow the tech indicators more correctly!



Trade well and enjoy

mp

"we are what we repeatedly do -- excellence, then, is not an act, but a habit!"
Aristotle