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<DIV><FONT face=Arial size=2>This is a re-send, as it has not appeared (on my
screen!)</FONT></DIV>
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<DIV><FONT face=Arial size=2>>With all due respect, you<BR>> seem to have
quite a narrow definition of "indicator<BR><BR>I don't mean to take this
sentence out of context, but I believe that it is<BR>the nub the
issue.<BR><BR>Indicators are, so far as I am concerned, all those in the
analysis<BR>techniques box in my Supercharts. I have collected over
100 in my time and<BR>they are all lagging and, for day trading purposes
useless.<BR><BR>Take today's action on the bonds: look at the chart
and you will see<BR>exactly what I mean. Price patterns, support and
resistance and other<BR>tools will give you a much better and faster and more
profitable result than<BR>using an indicator. That ADX was right -
miles after the event. Fine,<BR>perhaps, for position trading, or showing
how clever it is after the action<BR>is all over - but, frankly, useless to a
day trader who is reading the<BR>market as it goes along.<BR><BR>The wedge or
whatever you want to call it was the signal. At the time.<BR>Clear and
simple. No lagging. No the ball. What else do you
want? The<BR>J-Hook into new territory was the signal.
Measuring the retracement means<BR>using a tool, not an indicator. Support
and resistance are facts in the<BR>market. They are not
indicators. They happened and can be relied on.<BR>Price action is the
market showing what it is doing, as it is doing it. If<BR>it forms a wedge
it is telling what it is doing. What indicator can work as<BR>fast or as
accurately as that? What? Tell me. I will
use it. So would<BR>about 50 or so others on this list who trade in my
like fashion.<BR><BR>Anyone can use whatever they like. That is there
privilege. All I know is<BR>that what I have found to work and can show
works, works.<BR><BR>'Nuff said. Supper time over
here...<BR><BR><BR><BR>Bill Eykyn<BR><A
href="http://www.t-bondtrader.com";>www.t-bondtrader.com</A><BR>"Learn to read
the tape"<BR><BR><BR></FONT></DIV>
<DIV><FONT face=Arial size=2>Bill Eykyn<BR><A
href="http://www.t-bondtrader.com";>www.t-bondtrader.com</A><BR>"Learn to read
the tape"</FONT></DIV>
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