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URL:  http://boards.fool.com/checkout-mystockpointcom-stock-analysis-site-27622395.aspx

Subject:  Checkout MyStockPoint.com Stock Analysis Site Date:  4/21/2009  9:13 PM
Author:  investor896 Number:  211 of 211

If you are looking for some technical analysis for US and Chinese Stocks, checkout this website MyStockPoint

www.MyStockPoint.com

The website owner created an interestiing model that combines several technical analysis results into one scoring system. The website looks at both US and Chinese (Hong Kong, Shanghai and Shenzhen) stocks.

MyStockPoint is an easy-to-use equity analysis program that can analyze stocks quickly by processing daily market close prices. The result of each stock is then translated into a score and given to each stock using a 100-point scoring system. For Chinese markets, although the stock names are in Chinese but since the stock recommendation is based on strong score/points, those who doesn't read Chinese can still check it out.

Many stock investors who are interested in equity research may also be interested in following stock trends by using charting tools and applying technical analysis, such as Moving Averages, Candlesticks with transaction volume, Bollinger Bands, MACD, etc. However, mastering technical analysis requires a considerable amount of time and effort, as well as a high level of education in finance. Even for experienced profesionals, it is not easy to predict stock prices and trends accurately.

To solve this problem, MyStockPoint has developed a unique equity technical analysis software which can analyze each stock by using daily market close prices with the most common technical analysis tools. The resulting technical analysis for each stock is then translated into a score using a 100-point scoring system.

On March 9, 2009, when Dow Jones Index was at a low of 6,547, MyStockPoint recommended 5 strong NYSE stocks and 3 strong NASDAQ stocks. If we exclude one of the 9 stocks (DNA) which was acquired soon afterwards, the rest of the 8 stocks are making a combined return of 26.6% as of April 17, 2009.
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