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Pastimes : Ask da_cheif -- Ignore unavailable to you. Want to Upgrade?

To: MechanicalMethod who wrote (4136)	8/8/2001 1:05:14 AM
From: peter n matzke	Respond to of 8150

Robert Kransz had an article in stocks and commodities magazine around sept of 98 in which he went through the rules. Basically, a trend does not change unless there are 2 days in the same direction . So a reversal from an up trend requires two days which will be lower than the low of the last bar of the uptrend, reverse the same requirements for a down trend. Then he also listed 3 rules for entry and stop loss. one of the rules was to use a 38% retracement as a stop, one was similar to a 3 line break or a donchian channel, and i forgot what the third one was based upon. the article will certainly have more detail than i remember.