Re: For the short-term traders

["Walter Lake" <wlake@xxxxxxxxx>]

I thought that "MomentumPinball" was applied to weekly prices.
' I.e. LBRRSI is applied to weekly Prices, Breakout of the first
' hour's trading range is interpreted as breakout of the open-close range of
the first day of the week, usually monday.
' The breakout must be made by the close.

Best regards

Walter

----- Original Message -----
From: Trader <trader-m@xxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Monday, May 17, 1999 11:15 PM
Subject: Re: For the short-term traders


> Sounds like Linda Bradford Raschke momentum pinball indicator.
>
> At 12:15 AM 5/17/99 -0400, you wrote:
> >Hello Indicator Experts,
> >If following statement make any sense please help by providing formula
> >to formula illiterate. If not, sorry for taking space and time. Saw this
> >on another List.
> >
> >"Take a 3 period RSI of a one period ROC and plot. Above 70 is Taylor's
> >sell day and below 30 is a buy.  Wait until the end of first hour
> >trading then enter buy (or sell stop).  Trail with stop one tick above
> >(below) hour high (low).  Do not try to stay too long".
> >
> >Thanks,
> >Ajay Sharma
> >
> >
> >
> >
>