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Re: T-Bond Day Trading for Tuesday, March 16



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So you would carry the position if the ROC had flipped that day?


-----Original Message-----
From: Johnny Storm <iceman_nrg@xxxxxxxxx>
To: Nixon(MLS) <mbjp57@xxxxxxxxxxxxxx>; RealTraders Discussion Group
<realtraders@xxxxxxxxxxxxxx>
Date: 16 March 1999 17:08
Subject: Re: T-Bond Day Trading for Tuesday, March 16


>My interpretation of the 2 Period ROC is only to tell you if you
>should carry a position overnight.
>
>JS
>
>
>
>
>---"Nixon(MLS)" <mbjp57@xxxxxxxxxxxxxx> wrote:
>>
>> Bob,
>>
>> You wrote,
>>
>> >The "pressure" being applied to yesterday's
>> >market by the 2 Day ROC Sell signal was downward in direction.
>>
>> Further to my email of yesterday and as I said I am no expert on
>this one as
>> I don't really use the the Street Smarts 2 day ROC Indicator in my
>trading
>> other than as background info and even then only occasionally.
>Having said
>> that I still disagree with your interpretation of the "signal" if
>signal it
>> be.    You were calling for a sell yesterday but the 2day ROC had just
>> flipped up so is unlikely to flip down again without a further up
>move which
>> is what we saw yesterday.   Today is more likely to be a flip down
>day but
>> you have to look at the number which will cause the Indicator to
>flip which
>> today is 122-06.  Sometimes when you look at where this flip number
>is that
>> the market could still be substantially higher and the ROC could
>still flip
>> down.    In addition having looked at your gif chart your 2 day ROC
>does
>> seem to be incorrect as it seems a lot more 'jumpy' than the version
>I got
>> from the publishers of Street smarts.
>>
>> I would be interested to hear from anyone else using this one who
>could give
>> a little more guidance on it's interpretation.
>>
>> Just food for thought.
>>
>> regards
>>
>> Philip
>>
>>
>
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