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[RT] Re: sp500/nd



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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