DJIA

Short Term Trend Checklist (under 20 trading days)

Checklist calculations

Stock Check List - DJIA short term trend checklist
Stock: DJIA	BUY/SELL Rating: -4.5	Date: April 29th, 2005
Indicator	Confirming	Negating
Trendlines (read report)		Downtrend
Candlestick patterns (Pattern Page)	bullish candle
5 & 20 day SMA's (read report)		5 & 20 day SMA down
MACD (read report) MACD-H (read report)		MACD downtrend MACD-H downtrend
Slow Stochastics (read report)		Even thought the stochastics have crossed and have just entered a overbought condition, the overall trend of the stochastics are down, in this case, this signal is false and the trend will go down. (short term)
__________________________________________________________________________
Points:	0.5 positive	5 negative

Comments:

We also should see a bit more to go in this downtrend, there are no confirming signals.

Trader Tips:

To see screening examples of the stochastics see our signals page:

Stochastics (Slow)

Buy when Stochastic has crossed below 20%, reached 5%, and then crossed back up through 20%.
Sell when Stochastic has crossed above 80%, reached 95%, and then crossed back down through 80%.
Buy when the %K line crosses above the %D line
Sell when the %K line crosses below the %D line.

Slow Stochastic Chart and Screener Examples

For more great tips sign on to our free newsletter service

The charts shown above are from Stock Tools, see feature