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

To: Chip McVickar who wrote (14412)	2/1/1999 4:24:00 PM
From: Jerry Olson	Read Replies (2) \| Respond to of 44573

Chip don't you have this going lower to 1250ish??? short from 1280ish???

To: Chip McVickar who wrote (14412)	2/1/1999 4:38:00 PM
From: Clay M	Read Replies (1) \| Respond to of 44573

Hi Chip. I mostly use 5 min charts with stochastics & MACD along with several moving averages. I mentioned to Scott the converging of those ma's this afternoon at 1:15 was the tipoff that something was about to happen. I look at TRIN as a trend continuation indicator mostly, but often it will show the change in trend. I also use indicators on TICK, TIKI, & PREM. With choppy markets like this, there seem to be more false small moves to knock out the stops before it turns and goes in the other direction. So, if anyone was following for example Stochastics and took a position on a turn of the trend, they should have a backup indicator to smooth out the bumps. I think that's the tricky part. Your work with the pitchfork seems pretty interesting, I'm glad to hear more about it. I have used it with stocks im Metastock before but have never applied it to spoo trading. I use Tradestation and I don't believe it will draw the pitchfork. Regards, Clay.