Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

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To: Caroline who wrote (4188)	6/12/1999 4:05:00 PM
From: Dr. Stoxx	Read Replies (2) of 39683

Ken and CB, On LTD (a good example of BTTT indicators at work for our newbie readers): Ken is right to point out the momentum-price divergence at a new high. This, as you know, is a key indicator of a trend reversal. I am a huge devotee of this particular indicator (using ROC, effectively the same thing, set at 12)...as is A. Elder...but the question for LTD is whether the recent sell-off is the reversal tout court, or whether there is more to go. CB is right...LTD is a watch and wait. A close below the 40MA would be bearish. A bounce with strength in the market could give a nice long play. TC.

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