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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Barbara Barry who wrote (12606)1/2/1998 1:19:00 PM
From: Nathan  Respond to of 94695
 
Barbara, the more simplistic the better! Thank You. Nathan



To: Barbara Barry who wrote (12606)1/2/1998 2:12:00 PM
From: Richard Estes  Read Replies (1) | Respond to of 94695
 
Trigger lines of .70 and 1.20 start the overbought and oversold watches. A move to .40, rare, says it is fixing to reverse, too bullish. a move to 1.40 would say reverse is near, too bearish. That is for intra-day.

the same triggers apply for daily calls but a 5-10 day average to smooth it cuts whipsaws. It is best when market gains and stays between .70-1.20, staying away from extremes.