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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (71702)	4/20/2003 5:49:23 PM
From: skinowski	Read Replies (2) \| Respond to of 209892

Nice work by Brian. His preferred is along lines similar to EWI, which is fine. Both his preferred and his alternate (running triangle) call for a resumption of the downtrend in the near future. Sentiment seems to be approaching an area of serious bullishness, which would be supportive for a down move. Short-term timing here is a little tricky, imo. I find that when I think very hard about a short-term entry, more often than not I am about to make a mistake. Nibbling on the short side when good stops can be selected is probably the thing to do. Re: Seasonality: I thought it was Sy Harding who perfected the seasonality system by using MACD signals on the daily chart for entries (in the Fall) and exits (in the Spring). Recently, I read Richard Russell mentioning that it was actually developed by Yale Hirsh. Anyway, SPX gave a sell signal on April 11, but it reversed the very next trading day, on 4/14. I think that when the sell signal occurs again, that might be significant. The latest buy signal on October 11 worked like magic.

To: mishedlo who wrote (71702)	4/20/2003 6:13:19 PM
From: nspolar	Read Replies (1) \| Respond to of 209892

mish, I like those counts too and they are what I am on. Being a longer term player I've stedfastly held my course. I currently am long pm's and have about a 1/3 position in longer term puts, spread out from June 03 to Jan 04. I'm thinking it about time to increase that 1/3 put position. Re PM's I don't know if it means squat, but pm's did very well last yr from this point forward, with the charts in a similar EW pattern. Pm's peaked however well before the general market bottom.