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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (5658)	10/7/1998 10:33:00 AM
From: donald sew	Read Replies (1) \| Respond to of 44573

Hi Tom, The DOW just ran to up 103 with not alot of substance. NAZ, although did rebound, is substantially lagging the DOW and the RUT never went positive, so I have to conclude that this intraday upswing is technically weak. Just an attempt to the top of the STAIRSTEP at 7900, it got to about 7850. Seeya.

To: Tom Trader who wrote (5658)	10/7/1998 10:33:00 AM
From: Peter Smith	Read Replies (2) \| Respond to of 44573

Tom, It's been a while I know, but I've been here. It can be hard to keep up with your posts, especially when you do 30 in a day but I manage. I wanted to post a link to you that you might find interesting. winmidas.com It is a method of charting that uses a fixed volume axis vs. the standard "time" axis, and it calculates support and resistance lines by a relatively simple volume weighted average price method. While I'm not currently playing the market (for reasons you may remember), I have been using this program and find it uncannily accurate in predicting reversals. Right now (as you can read on the web site) the Dow, S&P, Nasdaq and Value line are all at key support lines and would indicate a "bounce" from here. While it may not be a tool for trading futures, especially day trading, you may find it useful for an overall market view, or for timing a specific stock entry/exit. Enjoy BTW what ever happened to Kevin on the other thread?....