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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: SE who wrote (10065)	6/10/1998 4:21:00 PM
From: AlanH	Respond to of 42787

Scott, re:How is it possible to trade off of these...they come too fast and furious Hey, I can't help it if the market's whipsawing. <g> The trader doesn't need to respond to every signal. If you observe that the overall trend is down, just watch the upside signals for confirmation and continuation patterns. (We haven't discussed these, yet.) In other words, trade to the downside, and adjust stops based on indications. Now, let's suppose that you're already holding a position, for example: Jul OEX 550 Calls. You can short, buy-back..., Jun OEX 550 Calls based on indications. Or, suppose you're ready to 'throw in the towel' on a position. By examining a subset of the signals, a decision can be reinforced. Also, you may notice that some of the consecutive formations are not contradictory, rather reinforcing. (A trade need not be placed on reinforcing patterns.) BTW, at 2:15et NDX signaled a nice Hanging Man with confirmation. This was the beginning of the sharp downturn. (To verify: set interval to 5min.) As mentioned, I've become more granular to accommodate the current market. That is, 1min intervals for OEX SPX, 5min intervals for NDX. As also mentioned, this produces much more data. (It's a trade-off.) Happy trading.