Cumulative Charts - 7/22/11

Are now up and can be reviewed by clicking here.

Note that the bETS is now leading price to the upside.

Fib

Note that the bETS is now leading price to the upside.

It may be a stupid question, but what is the Bets. I googled NYA/BETS and got a lot of Best Western Hotels, one in Nya, sweden.

Thanks in advance.
Toss

Note that the bETS is now leading price to the upside.

It may be a stupid question, but what is the Bets. I googled NYA/BETS and got a lot of Best Western Hotels, one in Nya, sweden.

Thanks in advance.
Toss

Sorry, double post. Something went wrong.

Edited by Toss7, 23 July 2011 - 06:32 PM.

B = Bob's, ETS = environment trading signal OK, I made up the Bob's... But it was funny.

It may be a stupid question, but what is the Bets.

From 12/3/10:

"Technical Watch will now include an overall grading scale in an effort to give a broader Environmental Trading Signal (whether the market is friendly or hostile) based on what these breadth and price charts represent. Grades will be based on the total sum of each individual charts current configurations - bullish or bearish - primarily on an intermediate term basis. For example, 19 of 20 charts are in bullish configurations this week which gives us an ETS of 95%. This cumulative percentage then would be graded as a strong buy.

The grading scale will be as follows:

+85 to +100 = Strong Buy
+65 to +80 = Buy
+45 to +60 = Hold with a Bullish Bias or Accumulation
+25 to +40 = Hold with Protective Bearish Stops (below market)

+20 to -20 = Cash Position

-25 to -40 = Hold with Protective Bullish Stops (above market)
-45 to -60 = Hold with a Bearish Bias or Distribution
-65 to -80 = Sell
-85 to -100 = Strong Sell"

And the "b" stands for Breslaw...place your bETS!

Fib

Edited by fib_1618, 24 July 2011 - 01:22 AM.

Thank you.