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Strategies & Market Trends : Waiting for the big Kahuna

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To: robnhood who wrote (16803)4/18/1998 6:33:00 AM
From: William H Huebl  Read Replies (1) of 94695
 
Russell,

How right you are! On the other hand, having a series of confirming indicators can save $$$. The case in point was last Wednesday when my confirming indicator (a 26 wk new h/l analysis) gave a sell signal. Sure enough, Thursday was a strong sell-off. But the recovery Friday would have killed me because I was looking for a 5% or more move... and without a signal from my main indicator, it kept me out.

I am always looking for another, better indicator... it will never be a perfect one, but one that can make me $$$.

So what is your KISS way? Yeah, I know what KISS means.

Bill
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