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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: Justinfo who wrote (12331)	12/18/2014 2:48:46 PM
From: Chip McVickar	Read Replies (1) of 12410

SPX more reliable for watching price action That is a very good question... and important. Here's my take: Indexes are an extrapolation of the underlying stocks Futures and options and ETFs are a further extrapolation of the Indexes Don W for decades has charted the Dow 30 intensively... by hand ...studying each and every stock daily ...he gets very-very close to the underlying stocks with his CLX studies ...and then he trades the futures contracts, both the DOW and S&P This has made him one of the very BEST all time futures traders He's also a trend trader using the Eliot Waves Others will chart and trade only the contract their trading ES, SPY, NDX...etc GZ watches the contract he trades... because his excellent tools match best to doing just that...!!! GZ once used the Andrews Pitchfork which he taught me years ago I have found charting the cash market or the $SPX the most valuable ...along with the DOW 30 and use Don W's CLX It really boils down to finding which works for you You might want to link this page to GZ and ask his opinion since your using his system. Chip

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