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How about this, If the market is overbought/oversold (use any simple
oscillator or, better yet, your eyes to ascertain overbought/oversold), be
alert for a failed breakout and if a spring or an upthrust develops, go
with it..... If a market does break out, buy the pullback to the breakout
point or the breakout of the first bull/bear flag that develops. Not as
complex but very effective.
Stewart.
Stewart Taylor
Taylor Fixed Income Outlook
Voice: 501-219-9774
Fax: 501-228-0963
E-Mail: staylor@xxxxxxx
Web Site: http://www.cei.net/~staylor/
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