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I'm no Marty Schwartz, but...
it seams to me the drill is: when the MA is trending sharply up, buy every
return to the MA. Conversely, when the MA is trending sharply down, short
every return to the MA. At other times, buying only when price is above the
MA and shorting only when they are below the MA leaves too much food on the
table.
Then, again, what do I know?
Stan
----- Original Message -----
From: "Tom Domingues" <tdelta@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, May 11, 2001 10:30 AM
Subject: Re: [RT] Re: 5/11/2001 NASDAQ Turning Point
Marty Schwartz doesn't use the word "never" in this instance...
"When you're trading above the ten-day, you have the green light; the market
is in
a positive mode and you should be thinking buy. Conversely, trading below
the
average is a red light. The market is in a negative mode and you should be
thinking sell. That doesn't mean you should never buy when you have a red
light, but if you do, it
is critical that you have an extremely good intellectual reason fo taking
that position."
--PIT BULL, pg 272
Tom Domingues
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