Replies to post #5463 on Profunds index and sector trading (PRO)

[Namiar]

Re: Trend following

I do not have much to offer here, my trend following system is a direct offshoot of my scalp system and quite simple.

So simple in fact that I am convinced that there must be a better way.

I am on record as saying that I think the use of moving average crossovers is useless.

But one thing I haven't investigated yet is the is the relationship between NDX and the DOW. I have mentioned previously that there may be something worthwhile in investigating this.

So, are the markets planning on picking a direction today???

[positiontrader]

Steve,

After sitting in cash during the recent uptrend ,I may not be the best to give advice but I still think that when we trend two day higher in overbought(slow stochs at or > 80 )I would say only go long or stay in cash.Unless you really expect a trend change to occur or we go out of the upper band for 4 days.I need to heed my on advice
Regards

Marc