Stocks & Commodities V. 32:3 (8–9): Letters To S&C by Technical Analysis, Inc.

Stocks & Commodities V. 32:3 (8–9): Letters To S&C by Technical Analysis, Inc.
Item# V32C03_724LETT
Availability: In Stock

Product Description

Letters To S&C by Technical Analysis, Inc.



I enjoyed Donald Pendergast’s article on swing trading in the December 2013 issue (“Swing Trading With Three Indicators”). I have a question regarding his entry points. They actually occur the day after the breakout, since in rule 1, he states, “Go long when the price exceeds the upper moving average of the previous trading session.” Is that correct? I just wanted to clarify. Gary

Author Donald Pendergast replies:

Thanks for reading. Yes, if using daily price bars, then using the previous bar’s closing value of the moving average (of the highs or lows) will result in fewer whipsaws and false signals as compared to using the current intrabar value for the moving average, which will fluctuate until the close of the trading session. You may be able to get a better entry price by entering before the bar closes, but you may also be entering a trade that otherwise would not be confirmed at the end of the trading session.

Really, you can use the system on any time frame and the same principle would apply. Again, the important idea with the system is to first visually identify stocks and ETFs that consistently make sustained, smooth swing and/or trending moves.

*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at users can view the S&C Digital Edition in the subscriber's section on

Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order