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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: S. Chiang who wrote (6920)	2/23/1999 12:05:00 PM
From: donald sew	Respond to of 99985

S.Chiang, My system is mainly based on time and what I look for, rather than a finite stop loss, is the reaction time to my signal. If the signal is early where the reaction is late, then the reversal may be weak and vice versa. It gets subjective, for example the last signal was timely so lets say that this signal is not timely then that would be a clue that something may not be right. For the last 1.5 years there has been some sort of reversal to my signals I have played at a rate of better than 90%. The problem is the size of the reversal. During last years runup during JAN-APRIL there were many sell signals and they all worked, but guess what - the average pullback was only about 150 DOW points and the smallest was an intraday pullback of 75 points. I lost out on them expecting bigger pullbacks. Of course since then I have improved my system to compensate for those insignificant moves in terms of making money. seeya