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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: HairBall who wrote (16813)6/11/1999 10:03:00 AM
From: bearshark  Respond to of 99985
 
LG:

Thanks. I am a strong believer in doing things one's own way. Richard Arm's would go nuts if he saw what I do with his wonderful index.

The little test of the apex has been one of the most profitable items I have seen in the last few years. It worked beautifully last May in the INDU. Back in March, I remember talking about it after we had a breakout in the INDU triangle at the beginning of that month. If anyone wants to go back to the INDU chart, they can see it testing the apex around mid-March at about 9625 (that is from memory). For that matter, it also worked in reverse in December 1997--if I remember the exact date.