Description The Long, Sell, Short Sale (LSS) indicator was developed by George Angell. It was designed as a 3-period indicator for day-trading purposes only, but here it is used as a 5-period indicator suitable for end-ofday (near end-of-day) purposes. Here it is treated as an overbought/oversold indicator. When the LSS indicator moves below .3, it is viewed as oversold. When it moves above .7, it is viewed as overbought. In general, this indicator (dependent upon what mode it is in at any given time) can be a leading/lagging indicator in reference to a same-period stochastic, and if desired could be used with the same trading techniques. IMPORTANT: This system requires valid Open prices. While it can be very good at capturing profits on a large number of trades, no loss protection mechanism has been put into place if the trade immediately moves against you. Stop-loss orders should be used to prevent the failing trades from removing all acquired profits. Signals Please refer to Mr. Angell's books for a description of the indicator. Trade Characteristics The Long Sell Short Sale system produces a trade about once every one to three weeks. The system is always in a trade if you are taking both long and short positions. Further Reading Sure-Thing Options Trading: A Money-Making Guide to the New Listed Stock and Commodity Options Markets. New American Library Trade. 1984 Winning in the Futures Markets: A Money-Making Guide to Trading, Hedging and Speculating. Probus Publishing Co. 1990 How to Triple Your Money Every Year With Stock Index Futures. Windsor Books. 1984 Real Time Proven Commodity Spreads: The 20 Most Consistently Profitable Low-Risk Trades. 1985