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Strategies & Market Trends : Effective Trading In Our Markets. Learn, then Earn

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To: Sharck who wrote (1768)10/15/2002 11:48:21 AM
From: Frederick Langford   of 1854
 
Market Swing Discussion: Chat Room Notes and Recaps
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Posted by Nikko_thyme on Tuesday, October 15, 2002 - 11:02 am:

Chat Notes 10/15 10:00 AM

Daily Signals: (Inter-Day)

All indices are in the CLASS 1 SELL area, a close at or very near the high of the day will produce more reliable closing CLASS 1 SELL signals.

Yesterday had a closing CLASS 1 SELL on the NDX only, but Donald is considering today as the day the signals are lined up across the board.

Donald built up a (13%) short position as of yesterday, after taking a lot of profit on his long positions. Donald will add a small short position (4-5%) today (if) a closing CLASS 1 SELL signal is produced. He noted how the trend has changed to an up trend for the interim now that the market has made a higher high. Donald is watching for a higher low to confirm the change in trend.

The Capitulation Indicator has fulfilled the minimum requirement 18% run up, by reaching +19% at the high of the morning on the NDX. The Capitulation Indicator has a recalculated track record of 24 for 24 successful calls.
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