March 2005
Intermediate to advanced
264 pages
6h 55m
English
Content preview from Technical Analysis: Power Tools for Active Investors
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Converting the Daily Breadth Thrust Model into an Intermediate Entry
I promised at the end of Chapter 6 to show you how to employ the MACD to convert the shorter-term daily-based Breadth Thrust timing model into a more intermediate version that is capable of remaining in the stock market for longer periods of time. Incidentally, you can employ this method to extend the lives of other shorter-term timing models that you use. There is a very good chance that you will find yourself extending profit while reducing trades with their attendant whipsaws and transaction costs.
The rule changes are actually rather straightforward. Here are the rules for the intermediate version of Breadth Thrust.
Buy Signals
As before, you buy when the 10-day exponential ...
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