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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (3354)	8/31/1998 9:25:00 PM
From: HairBall	Read Replies (1) \| Respond to of 5676

bobby: As you know, my stuff is primarily trend following. I use my own short/medium and medium/long term MACDX oscillators for primary signals. I support them with traditional TA. (Chart formations, trend lines, moving averages, noting support and resistance areas, etc.) I no longer use Ewave. Cost me to many erasers! <g> I also use very un-traditional price/volume and time/sales analysis to note S/MMs actions. None of which forecast actual price tops or bottoms. I just try to be on the right side of the trend and close works for me! My m/l MACDX OSC gave sell signals on all the major indexes in April and May of this year. This was followed by sell signals on all major indexes from my s/m MACDX OSC the week of July 20th. That week, I went to cash on investments and started day trading only. For now, my stuff still points down. I will begin to take investment positions when my stuff tells me to! And, not until! After Oct 87, per the Dow Industrial Index, my m/l OSC gave a medium term buy signal in Dec 87 and a follow up long term buy signal in May of 88. I will trust it again! I could blab out support areas, but you already know them. I could do what ifs, but you already know them. I look for another down day tomorrow, but I have not had a chance tonight to do my time/sales analysis. Watch for large block trades in the major Dow Ind stocks such as AXP, GE, IBM, JPM, MRK and UTX to signal intra day pivot points such as the intraday lows or highs. Likewise on the NASDAQ, DELL, CSCO, WCOM, MSFT, INTC. Hey, bobby, pegging the numbers is why I read your stuff! <ggg> Regards, LG