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

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To: Teresa Lo who wrote (23599)	5/19/1999 12:38:00 PM
From: Patrick Slevin	Read Replies (2) of 44573

< Who wouldn't be scared by the following sentence: "The MACD is diverging while the RSI and Stochastic remain overbought, but the CCI and Momentum are both in an uptrend, however the ADX is falling.> Definitely sounds like a Vincent Price movie to me. Using just one indicator at the moment, I plan on taking the spoo Long soon for a Day Trade. If I am correct in presuming that the Low is either in of shortly shall be for the day, then I also plan a position trade on the Small contract to take into Thursday afternoon. Obviously, if new Lows are hit this afternoon I shall exit that trade.

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