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They say momentum (or rate of change) is a leading indicator since it measures
price velocity. When momentum is dropping, the velocity is dropping
indicating an imminent reduction in the price. Of course like everything else
in trading this works best in ideal situations such as sinusoidal patterns....
And not at all in news driven eratic markets which many times are the norm.
Best regards,
Jerry Rehert (grehert@xxxxxxx)
Check out my WebPage: http://members.aol.com/grehert/
March 29th, 1998 @ 10:53 pm
Atlanta, GA
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