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

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To: F Robert Simms who wrote (25451)6/17/1999 8:25:00 PM
From: Compadre  Read Replies (1) of 44573
 
F Robert Simms: The NDX appear to be on a technical break out. At this stage, the sell signals in my system become ineffective. The market can stay overbought for weeks when this happens. I was concerned about the low volume of this break out, until I examined the break out of 5-1-97. The volume pattern was almost identical to this one.

I will be going long the first opportunity that I get ( intraday buy signal ).

By the way, my system is still giving a sell signal for the NDX. Still no signal for the SPX (Still in buy mode).

I will post some more when I have some time.

Regards,

Jaime

Jaime
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