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

To: Patrick Slevin who wrote (20572)	4/9/1999 8:28:00 AM
From: Chip McVickar	Read Replies (3) \| Respond to of 44573

Hmmmmm....preferred listings....I'll have to get those counted up. That's a very good point. Well like a lot of us on these threads we are always willing to try something new if the result is an improved trading record. I've been following this a/d 25 day summation for about a year + and can confess to being puzzled by its workings and signals. GZ was asked why he didn't use 10 days or 35 days....25, he said, was the proper balance....had been tested over 25 years and gave the correct mix of information. Having watched it now for sometime it does seem to signal in a general way to oversold and over bought conditions and at "0" offers a broad account of when investor sentiment is reversing. Anyway, I looked at the NYSE site carefully and used it for some months and Gave UP....to many numbers to fool with and not enough time. So I chose the general publics information. It's interesting....two technical investors can look at the same information, ones sees a mystery and another uncovers a mystery. The psychological process that allows one set of tools to make money for one can prove useless for another. As Tom might say "find the right set of tools, test them, and keep to them. Change them only if they stop working." From another standpoint....I'm reading a new book by Constance Brown on TA....Her contention is that "conventional technical indicators are failing"....becuse of the duplicity of use and changing technological accessability. Every quote system sent any where in the world has the exact same defaults....with the same charting system that spews off the same signals and requires the novice investor to pickup the phone and enter an order....Together. Access has changed the "ball Game." She's esentially saying that the old RSI and Stochastics have created a bunch of "Default Lemmings" running to the sea. Professional traders are unknowingly "working within this new technically armed and dangerous mass. This group cannot only be avoided, but also used to the professional's advantage." Anyway she's brilliant. Her internet domain aeroinvest.com So what is the professional trader to do? Well Ms Brown has been one of the main feeders of TA to the CME and CBOE floors who track her S&P intraday price projections. They are already ahead of the "Mass Default Club"....Professional traders can alter their patterns of trading to take advantage of these now over used signals. For some one as Brilliant as you this would be a knock off. You'd like the book. My Best Chip "Technical Analysis for the Trading Professional" by Constance Brown McGraw/Hill