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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Patrick Slevin who wrote (7646)11/2/1998 12:05:00 PM
From: James Strauss  Read Replies (1) of 44573
 
Patrick:

I follow the Two Second Indicator developed by the Cabot Market Letter... I look for New Lows to be consistently below 41...

decisionpoint.com

As this chart shows, there is a good correlation between New Lows being under 41 consistently and rising markets... The inverse is also true...

Jim
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