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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 (10029)	12/11/1998 8:25:00 AM
From: Jerry Olson	Respond to of 44573

Morning Tom Just looked at the DJIA... 8750 is a double bottom break and a sell signal...then we should run straight to 8350-8300... on the SPX--1150-55 support, we break that, we'll go down to 1135 major support... i'm looking to trade the OEX on any rally here today...short side..

To: Tom Trader who wrote (10029)	12/11/1998 1:36:00 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 44573

Tom, I don't mind the questions. I'd say this is about the largest profit in such a short period of time, although I had a similar run in the rally last January to March. This recent rally was the biggest two month rally since 1982, and most moves are less volatile. Also, the markets seem to have become more volatile overall, so the moves before this past year were relatively subdued. A large loss would be about 15-20 points when the signal goes against you, but that is not common, and using other devices such as the fork keeps that possibility in check. During a choppy market you give it back in false signals, but the market typically gives a good trading run eventually. I find the a/d cumulative sum is much like the ocean tide, buying and selling pressure. Did I answer your questions? Later... GZ