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To: Steve Lee who wrote (46965)	1/22/2002 3:18:19 PM
From: High-Tech East	Read Replies (1) \| Respond to of 64865

Steve ... 18 bar entry refers to the 18 bar moving average or 18 DMA ... the entry is used to enter a position that is set-up to move either up or down (down in this case) ... for the March S&Ps, sell or go short when the daily price range is below the 18 DMA for two days (without the 18 DMA line being touched) and enter when the low of the lowest of those two days is taken out ... so for the March S&Ps (the SPH2), the two days below the 18 DMA are January 14 & January 15 ... on January 16, the low of January 15 (1137.00) is taken out, so sell the contract at that point (probably on a stop). HOWEVER, THAT IS ONLY WHEN THE S&Ps HAVE BEEN PREVIOUSLY DETERMINED TO BE SET-UP TO SELL ... for example, around January 14, the commercials were extremely short at the same time market sentiment was extremely bullish AND the ADX and stochastics were pinching closely together ... there is more analysis than that, but those factors are huge in the Larry Williams trading world. Generally, I do not use the 18 DMA to enter or exit, but my friend Tim uses it often ... however, the Larry Williams set-ups work very well in my experience. Ken