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


To: GROUND ZERO™ who wrote (13608)1/25/1999 10:35:00 AM
From: Stoctrash  Read Replies (1) | Respond to of 44573
 
What do ya think here Ground Z?
Washout or stall...or dead cat bounce-ig'..



To: GROUND ZERO™ who wrote (13608)1/25/1999 10:58:00 AM
From: SE  Read Replies (1) | Respond to of 44573
 
GZ,

You are simply ahead of the curve is all. Right now it looks like everything is still on a sell, but the MACD divergences are signalling some upward momentum building. If we can build some steam, perhaps this thing turns around right here.

Another system I am playing with....very little backtesting etc....has this thing as a buy today if 1240.656 is breached....call it 1240.75 to make life easy for those of us following the mini pricing.

-Scott



To: GROUND ZERO™ who wrote (13608)1/25/1999 11:38:00 AM
From: Chip McVickar  Read Replies (1) | Respond to of 44573
 
Looking for a move at 1:00
Off the 1/22 morning low and spread at day end

iqc.com



To: GROUND ZERO™ who wrote (13608)1/25/1999 1:03:00 PM
From: SE  Read Replies (2) | Respond to of 44573
 
Consumer Products (broad class - CMR) 12.95
Banking (BIX) 5.12
Drugs (HCX or DRG) 8.9
Telecom (XTC) 6.43
Oils (XOI) 3.74
Networking (NWX) 2.46

Of the above, CMR, BIX, HCX, NWX are all looking as if they want to turn up at this point. All still on sells, but the moving average line on MACD is above the signal line, although all are still below the 0 line.

XOI and XTC are stagnant to lower.

Kind of interesting to watch the action behind the scenes and see what is really going on within an index. I think it is valuable even if I don't develop any trading signals from it.