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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: Libbyt who wrote (512)11/24/2004 9:10:20 AM
From: chowder  Read Replies (1) of 13449
 
If you are already in INDX, I would stay in. The price is riding above the upper momentum band and as long as the price stays above the lower momentum band, it's a hold.

If looking to get in, I would wait. I would buy off a 3-5 bar drop when we see some profit taking.

MACD and money flows are turning positive which indicates we should see higher prices.

stockcharts.com[h,a]daclyiay[d20040624,20041124][pd10,1!b20!f][vc60][iut!Lah10,30,5!Lc20]&pref=G

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