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<DIV><FONT color=#000000 size=2>RealTraders,</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>There may be a potential selling opportunity
developing in the December Corn. </FONT><FONT color=#000000 size=2>If CZ
gets up three or more cents and then turns down to trade below 2184 (Tuesday's
Low), it would present a selling opportunity. </FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Low Risk Traders might go with it by placing a
Sell Stop at 2182, a Buy Stop Loss could be placed above today's high after the
sell stop at 2182 is hit.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>High Risk Traders might fade it by selling into
a rally with a Buy Stop Loss above 2254</FONT></DIV>
<DIV><FONT color=#000000 size=2>Dennis</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
</DIV>
<DIV><FONT color=#000000 size=2>Home Page <A
href="http://homepage.macomb.com/~mig/home.htm";>http://homepage.macomb.com/~mig/home.htm</A></FONT></DIV>
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</x-html>From ???@??? Wed Nov 18 09:20:20 1998
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Date: Wed, 18 Nov 1998 08:55:50 -0800
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From: Neal Hughes <neal@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: leading indicators
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At 11:06 AM 11/18/98 EST, Peter2150@xxxxxxx wrote:
>In a message dated 98-11-18 11:01:10 EST, gbodnar@xxxxxxxxxxxxxxxx writes:
>
>> What is your favorite leading indicators?? All or Any comments are
welcome.
>> .
>
>Not sure there is such a thing if you are basing the indicator on price
>action. Occasionally momentum indicators will act like they are leading
>indicators, but one needs to be aware that they will only work when the
market
>you are following is exhibiting cyclical characteristics close to the
momentum
>lengths you have chosen.. One can be sure when one has backtested and is
>satisfied, the market will change when you put your money on the line.
>
> Pete
>
>
Hi Pete,
I trade with a leading indicator all the time. A leading indicator
uses past price action to predict a future price action before
that price action occurs. The opposite is a lagging indicator
which confirms price action after that action has occurred.
Moving average, Stochastic, MACD etc are lagging, they confirm
a change in price action.
Fibonacci levels are my favorite leading indicator, their purpose
is to predict support/resistance/turning points before price gets there.
-Neal.
-----------------
Neal on the 'net.
Trade well. Train hard.
http://www.halcyon.com/neal/
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