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At 08:55 PM 3/25/98 EST, HBernst963 wrote:
>What I mean by price as an indicator is that the price making new highs is
>bullish and new lows is bearish. The way to trade this is pretty much your
>standard channel breakout type trend following system (highest high/lowest
low
>of n days). Not sexy, but very basic and as Richard Dennis and his tortoises
>have shown, profitable over time. Just think how a simple system like that
>would have done in the S&P's the last three years.
>
>Howard Bernstein
>
That sounds like what some of us others mean by using MACD. Or the same as
Telescan's various breakout signals.
Why talk in terms of price being an indicator all by itself?
Pete
petena9090@xxxxxxxxxxxxxx
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