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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Don Pueblo who wrote (1094)	4/16/2000 10:43:00 PM
From: John Pitera	Respond to of 33421

TLC, excellent observation. To expand on this idea, check out the adx when it has a +30 reading (indicating a very strong trend and then entering the long side on a pullback to the 20-21 dma(or whatever time period one is trading. The trick is to place a buystop at the previous day's high and when that order is filled a stop is put in place at the eaction low that has been successfully tested. --reverse the rules for shorting.-- This strategy which is great for futures trading as well, can be utilized for any time period. and It is a Conners-Raschke concept...although I saw Gramham Filmer Use it in the mid 80's.... but then again he had Rqymond Merriman's Gold Book plotted out. -g- If we can calm these crazy markets down and esp. if the currency markets don't start to go into vapor-lock this week, Hopefully I can do a chart or two. John