ChoicePicks.com Releases Innovative Set of Trend Indicators

SCOTTSDALE, Ariz., Feb 28, 2000 (PRWEB) March 7, 2000 -- ChoicePicks.com on Monday officially released the Volumentum(TM) trend indicators, which help investors take advantage of the volatility in today's markets.
The Volumentum(TM) strength and Volumentum(TM) direction indicators determine high probability times to buy, sell or avoid individual stocks or markets. ChoicePicks.com offers extensive stock analysis based on the indicators.
Volatility in the U.S. stock markets is at extraordinary levels as evidenced by the huge daily price swings of the market indexes. High volatility often distorts the true underlying trend of the market and makes it difficult to trade profitably.
"To help investors with their trading decisions, ChoicePicks.com developed a pair of indicators that adapt to the supply/demand relationships in the markets and utilize the powerful psychological forces created by high volatility," explained ChoicePicks.com portfolio manager, Michael Bednarz.
"The theory is that stock prices move in a volume based frame of reference versus a time based frame of reference, and that the periods of the heaviest volume often mark important turning points," added Bednarz. At their core, the indicators are built upon research done by Richard Arms, creator of the Arms Index, which has become one of the most important technical indicators on Wall Street.
The Volumentum strength indicator depicts the strength, direction and persistence of the underlying trend of a stock. To determine this, it monitors the current price and volume relationship and compares this to historical values. As volatility changes, the indicators adjust to become more precise on days of higher than average volume activity and more flexible on days of normal volume activity.
The Volumentum direction indicator takes information from the Volumentum strength indicator and incorporates additional algorithms to prevent false signals during periods of directional uncertainty. It displays information in a color-coded bar beneath the price chart in a simple bullish, bearish or neutral format, indicating at a glance what position the trader should assume.
"We believe traders should not limit themselves to technical analysis, but use both technical and fundamental analysis in concert -- fundamental analysis to determine which stocks possess a strong value foundation, and technical analysis to determine when to pull the trigger.
"The Volumentum trend indicators are technical analysis tools designed to improve trading decisions and when used in conjunction with fundamental analysis, provide traders with a significant edge in the market," said Bednarz.
Using the Volumentum trend indicators, traders have the opportunity to enhance their trading performance. ChoicePicks.com uses the indicators as the basis to find stocks with high profit potential. Stock picks are listed daily on the Web site for traders to review and study.
Additionally, ChoicePicks.com offers daily charting services in cooperation with Prophet Financial Systems Inc. "ChoicePicks.com is a superb site for uncovering profitable stock picks. With the Volumentum indicator in Prophet's charts, investors now have online access to a powerful decision-support tool that can be applied to any stock," said Chi Huang, vice president of marketing at Prophet.
Recently ChoicePicks.com listed stocks such as California Amplifier Inc. (CAMP) which soared over 25% in the last three weeks. The year-to-date (2000) performance of the ChoicePicks.com portfolio recently soared past 30%.
The following companies were recently highlighted on the ChoicePicks.com Web site:
Yahoo! (YHOO); General Dynamics (GD); Ditech Communications (DITC); Pacific Internet (PCNTF); Sawtek Inc. (SAWS); Mercury Interactive (MERQ); Polaroid (PRD); AMR (AMR); LSI-Logic (LSI); Photon Dynamics (PHTN); Polycom (PLCM); International Rectifier (IRF); Zebra Technologies (ZBRA); Galileo Technologies (GALT); Dell Computer (DELL); Toys'R'Us (TOY); ENSCO (ESV); E-Trade Group (EGRP); Ameritrade (AMTD); Leap Wireless (LWIN); Comverse Technologies (CMVT); Knight/Trimark Group (NITE); Emulex Corp. (EMLX); Anadigics (ANAD); CIENA Corp (CIEN); Helix Technologies (HELX); The Gap (GPS); Abbott Laboratories (ABT); Earth Link (ELNK); Multex.com (MLTX); Intermedia communications (ICIX); Cnet (CNET); Adobe (ADBE); Tyco International (TYC); Global Crossing (GBLX); Lucent (LU); Broadcom (BRMC); Cisco (CSCO); Applied Materials (AMAT); AOL (AOL).
About ChoicePicks.com
ChoicePicks.com is an online educational investment service offering free weekly stock picks based on the Volumentum trend indicators, a free weekly market newsletter and educational articles for the beginning and advanced trader.
The company also offers premium services related to daily stock picks and advanced technical analysis. For more information, see http://www.choicepicks.com/.
About Prophet
Prophet Financial Systems provides market information and Internet-based decision-support applications that enable independent investors to trade more profitably.
Through a growing suite of webtop tools, including Prophet JavaCharts and SnapCharts, investors have powerful analytic views into the company's world-class financial database.
In addition to serving active traders and online investors at its Web site (http://www.ProphetFinance.com), Prophet offers site-to-site licensing of its services. The company is located in Palo Alto, Calif., and can be reached at 650/566-8055.
CONTACT: sales@ChoicePicks.com or Dina Galassini at 480/990-2975