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

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To: Tom Trader who wrote (8205)	11/10/1998 2:38:00 PM
From: GROUND ZERO™	Read Replies (1) of 44573

Tom, The 25 day cumulative a/d is very important to me. I also use the pitchfork to find an entry point before the numbers give an outright buy or sell. I use other traditional chart patterns. I am more ready to go long than short the SP's unless there's a divergent pattern between index prices and the a/d and all the tools available tell me the risk is minimal. My intent is not to sound cryptic, just that I use several tools to time these markets. My bond trading depends on a totally different timing model. For the equities, I got a buy early in the year in 1997, late January I think. The a/d turned negative in May, then turned up in June, then negative again in July. The thing that is noteworthy was that the sell signal in July was at a lower on balance number than the sell in May while the index prices were actually higher. This negative divergence signaled a major sell off. This past October, the same thing occurred in reverse. The October, 1987 top had the same negative divergent pattern and I would short under those conditions. GZ

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