The Nasdaq Count, a basic trading concept

One of the most useful concepts in short-term, high-level trading is to always
be aware of how far you are, in time (days) and percentage from the last
significant high or low. In New Breed terms, this is the "Nasdaq Count".
Today, after the 10/17 close, the Count is at 3/-45(-2%), that is, the Nas Avg.
has declined 45 points since its peak at 1965, three days ago. Before that,
the Nasdaq Count had reached 10/+180(+10%), rising off the 40-point 'surge' (a
clear entry pattern) on October 1.

And whatever happened to the slow days of summer, the statistically down days
of August and September, October - the worst month. It's all bufoonery that
real traders have never paid attention to, and certainly didn't work out very
well this time around. The highest form of trading is to play the
fluctuations, and the significant ones are never more than just several weeks
long. Aided by entry patterns after declines and flats, gains can be harvested
from nearly every one of them, tucked away, untouchable, compounding on a
monthly basis to annual gains that the unknowing public scoff at, but are
available anyway.

Why don't you join the discussion at the website and Yahoo Group site. It
begins at http://members.aol.com/davetrends. They're noncommercial, and the
ongoing discussion concerns straight talk on what can really be done in the
market by knowing individuals. Once you understand the strategy, we would
appreciate your input.