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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Tom Trader who wrote (3512)9/9/1998 9:39:00 AM
From: Arik T.G.  Read Replies (1) of 44573
 
Tom,

>>Why is the 13dma so critical to your scenario regarding a crash occuring??

Because that will signify for me a possible change in trend of the medium term. As long as we stay below the 13 dma we're in the crash phase that began 8/25.

>>Suppose the SPX stays between 1000 and 1031(13dma, I think) what would that suggest for the market outlook??

The 13 dma is expected to decline for the next 6-7 days, unless the market turns up sharply, so if we're range bound, we'll hit it sooner or later.

ATG
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