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

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To: GROUND ZERO™ who wrote (8339)11/12/1998 10:47:00 AM
From: SE  Read Replies (1) of 44573
 
GZ,

Nothing personal so please don't take anything negative out of this. Shit you have been using the indicator a lot longer than I have even been looking at the markets, so you are the wizard....but,

I think the 25 day deal is about to turn. We are about to start dropping off some greater than +1000 days. If the market does not start to cook again with adv outpacing decl in a hurry you will be in negative territory in the next 5 to 6 days by my estimation. Simply marking time will not reverse this occurance either.

I think if I was going to jump the indicator, it would be to the short side, not the long. I expect a rally here at some point, maybe back to 1140, but I don't think it is going to have the juice that we had in the latest up move. Of course, we might be seeing what we saw in the 1190 to 1170 area where it went negative for a day on Oct 28th, but I don't know.

Heck, I could be dead wrong, and have been before, but I guess I simply see caution ahead using your 25 day deal.

Good Luck,

-Scott
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