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Strategies & Market Trends : Classic TA Workplace

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To: mishedlo who wrote (71702)	4/20/2003 5:49:23 PM
From: skinowski	Read Replies (2) of 209892

Nice work by Brian. His preferred is along lines similar to EWI, which is fine. Both his preferred and his alternate (running triangle) call for a resumption of the downtrend in the near future. Sentiment seems to be approaching an area of serious bullishness, which would be supportive for a down move. Short-term timing here is a little tricky, imo. I find that when I think very hard about a short-term entry, more often than not I am about to make a mistake. Nibbling on the short side when good stops can be selected is probably the thing to do. Re: Seasonality: I thought it was Sy Harding who perfected the seasonality system by using MACD signals on the daily chart for entries (in the Fall) and exits (in the Spring). Recently, I read Richard Russell mentioning that it was actually developed by Yale Hirsh. Anyway, SPX gave a sell signal on April 11, but it reversed the very next trading day, on 4/14. I think that when the sell signal occurs again, that might be significant. The latest buy signal on October 11 worked like magic.

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