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In the Dec 2004 issue of Stocks and Commodities, Larry Conners
outlines his strategy which is based on buying into weakness and
selling into strength, which is contrary to traditional wisdom.
- if the S&P 500 makes a new 10-day low, then buy and hold for some
5 days.
- this is reinforced if the short-term pullback is above the 200-day
moving average.
He also suggests that if the VIX (volatility index) is 5% below its
10-period moving average then the market is due to consolidate or go
down.
If the VIX is 5% (or even better 10%)above its 10-day moving average
then it indicates potentially big gains.
Finally, he suggests using the 10-period ADX to indicates whether
the market is trending or consolidating.
Marc
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