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

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To: Tom Trader who wrote (14409)	2/1/1999 4:48:00 PM
From: Chip McVickar	Read Replies (1) of 44573

Your right Tom, I caught the base at noon....but sold very early at 12:35. Kept looking for a short to develope and missed the rest of the climb. I have to work on "avoiding" anticipatory movements. Need to concentrate on direct signals....they are usually right there. Some other confirmations of trend direction will be very helpful. That whole move from noon never broke the trend and I was late catching up with the direction. So far I'm looking at various indicators - Bollinger Bands, MA, Time cycles and now Clay's Trin/Macd combination looks interesting. But these are lagging indicators.... The fork that set up on the day did it's job.... I could have posted at 1:00 "If the SPX hits 1283.50 at near 3:00 it will be at the m-tine of this fork...and should produce a reaction. I also could have said that at 2:00 if the SPX hits 1281.75 there will be a reaction...or I could have said that if the SPX hits 1277 at 2:00 on the lower tine there should be a reaction. Think I will start posting stuff like that when I can identify a stronge fork and trend So I still have some work Chip

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