MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Killswitch who wrote (13992)	8/1/2002 10:31:47 AM
From: High-Tech East	Read Replies (1) of 19219

Brian ... I think patterns are very important for all commodities and futures ... but more so for some contracts than others ... US Dollar Index [DX] and the S&P 500 [SP] chart patterns are both usually very helpful in forecasting prices ... ... I trade futures and indexed options primarily using Larry Williams methods and processes that I have studied and used for two years now ... ... the DX has been increasingly getting more and more set-up to be long since late April (as the dollar was plummeting) ... now, for the dollar specifically, the commercials are heavily net long, public sentiment is very negative while the spread between the ADX and stochastics is larger than it has been since 1986 ... all are very bullish signs for the dollar for the next month or longer ... ... the only thing lacking has been a short term change in trend, which we have as of yesterday ... not waiting for the trend to change cost me greatly in April ... the big issue about LW's signals (both on the long and short side), is that they are frequently early, as has been the case for the DX the last four months ... ... long term, beyond mid-September, I am very bearish on the dollar ... I think the DX will break below 1.00 by November 1 as the US and world economies enter the more serious portion of this down economic period and equities move much lower than where they are today ... ... I also hold a September DX call, a December SP (way-out-of-the money) put and a September SP (way-out-of-the-money) call ... I am looking for increasing overall volatility in equities ... ... my personal analysis and opinion only ... Ken Wilson

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next