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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 (22675)	5/8/1999 3:07:00 PM
From: Patrick Slevin	Respond to of 44573

The NYSE data turned positive on April 16 I have not updated it since Monday as I was tripping and also assign it a lesser weight these days. To me, it has become an indicator widely followed which I can grab off a website. It helps me not for short term trading and I suspect it does little good for the longer term trader, Ground Zero's experience notwithstanding. If I want to know what is happening I will see it on CNBC 16 times a day. My disrespect for the A/D is of course a personal preference. I have no other income other than trading and I cannot wait for the rest of the Stock Market to realize it is incorrect because it's going down while the A/D is going up. So for someone with a lot of time on their hands it's fine but for myself the indicator is not viable. Synopsis of a quick exchange between myself and another daytrader yesterday. He said, "if you want to play it safe, just buy a SnP Contract and walk away for several years..." I said, "You should have told me that in 1990. I would be up to two contracts by now...." There is my impression of the A/D Line.