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In a message dated 6/3/00 10:28:41 AM Eastern Daylight Time, john@xxxxxxxxxxx
writes:
<< Hi Ben
I've been following your posts for about two years and your projections seem
to be uncannily accurate. I guess I'm a novice at timing the market because
my timing is not very accurate. I'm wondering if you could recommend some
literature that might be helpful to me.
Thanks in advance
John Manasco >>
hi
Most of my work relates to volume, and i use it for timing the market,(as it
always
is ahead of price) ,,
As for the projections for the daily high in ND or sp500 ,,
I have developed a momentum indicator ,,
This are all veriations of STD indicators from john and magee book of
technical
library.
instead of making each formula more complicated
I made each one SIMPLER !!
(less steps)
Then I have entered it into excel and look at the 2 graphs (price and
indicator)
Always looking for ability to TURN up or down BEFORE price
turn up or down.
ALWAYS looking for the one that becomes LESS oversold in a down
market
and less overbought in an up market,,
This took years of research
(i have been trading options since 1976)
and lost $500000 over 15 years before learnning my lesson
(remember last week egg on my face?)
hope this helps
Ben
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