U.F.O.
Edited by U.F.O., 26 February 2009 - 08:09 PM.
No R-Squared Signal Yet
Started by
U.F.O.
, Feb 26 2009 08:01 PM
1 reply to this topic
#1
U.F.O.
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U.F.O.
Posted 26 February 2009 - 08:01 PM
The R-Squared (R2) is at the apex and looks close to a major market tell. After the past few days of grinding price action this indicator could break lower (signaling a change of trend) if the market goes up or down over the next couple of trading sessions. I've noticed pauses in a move can reload R2 and a continuation of the preceding trend can appear on the indicator as a new trend. I'm prepared now to go either long or short. I had a tight stop on my FAS long that got hit today for a nice profit. (1 chart)
U.F.O.
U.F.O.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
#2
U.F.O.
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U.F.O.
Posted 26 February 2009 - 08:36 PM
Here's what the QQQQ's look like. Same setup. (1 chart)
U.F.O.
U.F.O.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
