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Steve--
I think you've talked about that indicator before, but it seemed to me it was
a Chande derrivative. Have you just changed the name? Oddly enough it seems
to respond pretty well to both buy and sell signals while in a defined trend,
where most oscillators can usually only be trusted for their overbought signals
in a downtrend and oversold in an uptrend. Care to expose this one again for
us? And following an earlier thread from last week, it looks like wheat's
Railroad Track pattern from a few days back, aka Dead Skunk in the Road as you
so aptly re-named it, may be working out afterall. Easy to count the waves up
in wheat as simply an ABC correction in the downtrend. FYI, if you want to
see another Railroad Tracks pattern, just look at today's OJ, and I think
you'll see what it's all about.
Mark Scheier
Steve Karnish wrote:
> Traders,
>
> Haven't had a trade in my Cocoa system since 6/3/99. Tomorrow morning, me
> and a few of the "chosen ones" will be reversing are "summer long", short
> positions. This was a difficult one to ride with, but when your on the
> "mechanical bull" (or bear), the object is to stay on until the bell rings.
> Ding dong, we're going long (in the morning).
>
> Steve Karnish
> CCT
>
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