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


To: minorejoy2000 who wrote (64437)12/16/2000 8:27:44 PM
From: NucTrader  Respond to of 99985
 
Using your settings, nothing's giving a buy signal.
Well, that was my point! I looked at the COMPX on these settings near the close Thursday and told myself: "Looks lousy, no buy here." So what did I do? Argued myself with, OK, we've been hit 3 days in a row here pretty good, maybe time for a little bounce, worth a chance. So I dipped my toe in the water with 1500 qqq - 1,000 @ 66 1/2 and 500 @ 66 1/4. By Friday afternoon had to make a decision whether to hold over the weekend or get out. Got out @ $65. Haven't used the system long enough to know whether a buy signal can be generated outside it. Guess I'm about to find out.....Other things make me uncomfortable as well. See the chart I just posted to Stcgg.