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Set up three charts for each market: 5 min, 15 min and Daily. Stick a 20
period exponential moving average on the 5 and 15 min charts. Stare at
these charts "live" for seven hours a day, everyday, for six straight
months. Keep a diary of everything that you see. What you will learn will
teach you more than any book or person ever can. You will then figure out
for yourself what is important. There are no shortcuts.
Simon.
At 11:29 04/02/2001 -0800, John Bowles wrote:
>Hi,
>
>I am wondering if anyone can suggest some good books which could provide
>ideas to assist someone in predicting the direction of the S&P futures and
>Nasdaq futures out 10 minutes to 90 minutes (on a normal day without price
>shocks such as FED announcements). Using charting analysis works okay but I
>find I get some false signals. I gather the 30 year bond trend and support
>has a direct impact and Fair value as well. I have been told pivot points
>can be a factor. I guess I am looking for anything to assist me in tying it
>all together as fast as possible. Any help would be appreciated.
>
>Thanks,
>
>John Bowles.
>
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