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Strategies & Market Trends : Technical Analysis- Indicators & Systems
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To: Claud B who wrote (1306)6/14/1997 8:53:00 PM
From: Wayners   of 3325
 
Hi Claud,

Remember you turned me onto the 21 day regression slope oscillator to predict the breakout direction when the bollinger bands narrow considerably.

I found another way to predict the breakout direction using the Zig Zag Indicator that comes standard with all of the TA software packages. I started using a 5% Zig Zag with a 21 day moving average overlay. Zig Zag and 21 day moving average crossovers work great and
the direction of the Zig Zag line and the moving average when they confirm one another uncannily predict the breakout direction.

Have you or anyboday else on this thread had any success using the Zig Zag indicator?

Wayne
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