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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (11375)	3/28/2002 12:52:48 AM
From: macavity	Read Replies (1) \| Respond to of 19219

I generally prefer to let the market reverse at support/resistance/retracement levels and then to enter. This is from years of trying to call levels. I am an EOD trader and I will always miss the turn by 1 to 2 days, but as try to hold on for a while (2 days - 2 weeks) this is usually no problem. Just my style! The major indices are hard to read (IMO) at the moment. I just try and keep aware of levels and see how the market behaves at these levels. If I am right about the market going up then hopefully my buy stop gets taken out. There is very little that I see at the moment that is extremely negative (price action) for the market at the moment over the intermediate (2wk - 2mth) period. But I have been wrong before. - macavity