|
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: May 6th, 2005 |
| Indicator |
Confirming |
Negating |
Trendlines
(read report)
|
Trendline broke |
|
Candlestick patterns
(Pattern
Page) |
|
tonbo/dragonfly - wait
and see signal. (- 0.5 points) |
5 & 20 day SMA's
(read report)
|
Bullish 5&20 cross
|
|
| MACD
(read report)
MACD-H
(read report)
|
MACD signal line
cross
(not confirmed by zero line cross : conservative)
MACD-H zero line cross |
MACD did not cross
zero line
(0 points) |
| Slow Stochastics
(read report)
|
Signal line cross,
Up through 20, and crossed 50 |
Did not yet cross into
80
(0 points) |
| __________________________________________________________________________ |
| Points: |
5 positive |
0.5 negative |
Comments:
By May 2nd, most of the
indicators have reported trend warnings, and by May
4th, the short term trend reversal can be confirmed
by
-
Trendline
break
-
5&20
SMA cross
-
Stochastics
have broke up though and oversold, past the 50
and almost into the 80 zone where is can be considered
overbought. (For a breakdown, we must wait for
the signal line of the stochastics to cross down
through the 80 zone.)
The short term trend
reversal can be confirmed by May 04th
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 |
|
