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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (29273)	4/16/2000 8:46:00 PM
From: LTK007	Read Replies (1) \| Respond to of 56535

yup,the NASD100 futures are fading--now minus 68---a big factor will be what happens in Global markets during our night-time. Regards O'Neil(and here applying the S&P metod to the NASD),one real simple explanation of how it works,no buy-side(no tight stops) trader would have been caught buying the dips from 4/4 on.On 4/4 the intraday low was 3650,and that was the benchmark,and one can not re-enter until the 80% historically accurate method is used--first,when that 3650 was set,the clock starts again once it is broken---which is now the case. on 4/7(a friday) NASD was going up on light volume,(a lot of retailers evidently got caught in that) and NASD closed up 195,now IF NASD closed up over 2%(or so) on 2xaverage/volume on monday 4/10 one could then re-enter market on the next day,as market has signaled the all clear and it would uptrend again---from the day that NASD closed up 195,you have something like a week for the 2xaveragevolume 2% or better up day to occur,but without the 3650 being broken--and so on and so on--i wish i could find this on the internet,so i could do a copy and paste:( paxmax