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Post# of 79025
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northam43

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northam43

Re: None

Friday, 01/27/2006 10:03:34 PM

Friday, January 27, 2006 10:03:34 PM

Post# of 79025
Market View - One of the drawbacks of Nocona's system, is that it produces a sell when the market has really just started it's run up.

Today the Daily NDX RSI(5) closed at 58.9, the MACD(12,26,9) is trending upward and maybe headed for a bullish crossover. As I stated before usually a bullish crossover occurs about halfway through the upward movement.

If the market pullsback and closes below the RSI(5) 50 before a bullish crossover occurs I will be adding longs. If a bullish crossover occurs, I will continue to follow the upward trend until the MACD starts to show a change in trend.

This is my last post until midnight.

JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."


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