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

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To: Tom Trader who wrote (5658)	10/7/1998 10:33:00 AM
From: Peter Smith	Read Replies (2) of 44573

Tom, It's been a while I know, but I've been here. It can be hard to keep up with your posts, especially when you do 30 in a day but I manage. I wanted to post a link to you that you might find interesting. winmidas.com It is a method of charting that uses a fixed volume axis vs. the standard "time" axis, and it calculates support and resistance lines by a relatively simple volume weighted average price method. While I'm not currently playing the market (for reasons you may remember), I have been using this program and find it uncannily accurate in predicting reversals. Right now (as you can read on the web site) the Dow, S&P, Nasdaq and Value line are all at key support lines and would indicate a "bounce" from here. While it may not be a tool for trading futures, especially day trading, you may find it useful for an overall market view, or for timing a specific stock entry/exit. Enjoy BTW what ever happened to Kevin on the other thread?....

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