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Strategies & Market Trends : The Home Run -- Ignore unavailable to you. Want to Upgrade?

To: Nemer who wrote (455)	11/1/2006 10:08:46 AM
From: Patrick Slevin	Respond to of 525

It was there the other night, I swear. First chart on this page. spootradingdream.blogspot.com ------- I know a similar method to that Forex scheme. It's based on a three period trend. Except you use various time periods for confirmation. So for example if we use SPX. On a Quarterly Chart you had a Buy Signal at the end of April 2003. Confirmed by a Buy (most recently) Month End August 2006 Again most recently confirmed by a Buy September 10th, weekly. However, not confirmed Daily as of Friday September 27th. So although all Long Term indications are for a Buy, the Daily suggest you wait before re-entry. ---------- It's not a bad concept. Used in conjunction with other indicators I've had decent success with it.