Edited by IYB, 19 March 2008 - 04:42 PM.
Seven Sentinels Buy Signal
Started by
IYB
, Mar 19 2008 04:41 PM
10 replies to this topic
#1
IYB
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Posted 19 March 2008 - 04:41 PM
The signal given yesterday has NOT been negated. Today's pullback was very well contained, and the signal remains intact. I'll be accumulating in A/M and AM for a swing trade over coming weeks. Good Trading to All, D
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
#2
securelstmile
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Posted 19 March 2008 - 05:00 PM
The signal given yesterday has NOT been negated. Today's pullback was very well contained, and the signal remains intact. I'll be accumulating in A/M and AM for a swing trade over coming weeks. Good Trading to All, D
That is amazing, it felt so ugly. I have learned to fade the feeling especially when the charts point the other way. I actually went long V at the close. It is a longer term position.
The harder I work, the luckier I get.
#3
saltlake
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Posted 19 March 2008 - 06:11 PM
above 1300 Es and Im with ya
#4
IYB
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Posted 19 March 2008 - 07:01 PM
....and that'll happen just as soon as the witches get done brewin' up their monthly love potion....above 1300 Es and Im with ya
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
#5
thespookyone
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Posted 19 March 2008 - 07:59 PM
IYB-Have you ever had signals this close back to back, if so-what were the results? Thanks.
#6
Iblayz
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Posted 19 March 2008 - 09:55 PM
Agree. Saw your post earlier at the office about waiting to see the numbers. I could have updated my spreadsheets manually but waited to download data automatically at home. I say today was a big trap, much like the post Fed announcement selloff. My signal lines crossed positively (not buy signals...just positive crosses) as of the close for the SPX, OEX, SOX, SMH, NYA and BKX. Several other things (Nasdaq stuff) are very close.
#7
rkd80
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Posted 19 March 2008 - 10:07 PM
The last time you posted a sell signal the market tanked hard - as a newcomer to the board I am mostly unfamiilar with the SS (although I have read up on them) - but I shall heed this advice. Plus Mark Young is quite bullish - so I am mostly looking long despite another 60 min trend turn.
“be right and sit tight”
#8
IYB
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Posted 19 March 2008 - 10:12 PM
>>>IYB-Have you ever had signals this close back to back, if so-what were the results? Thanks.
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Here was the last signal prior to yesterday- a sell on Feb 28 at 1368. Is that what you are referring to?
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Here was the last signal prior to yesterday- a sell on Feb 28 at 1368. Is that what you are referring to?
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=3&dy=0&i=t80302981624&a=.pngA new leg down is beginning right here, as I read it. This is my summary view based on my overall view of the major trend from cycles, sentiment, momentum, and monetary trend - and the intermediate/short term sell signal from the seven sentinels. JMHO.
Good trading, D
Edited by IYB, 19 March 2008 - 10:13 PM.
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
#9
thespookyone
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Posted 19 March 2008 - 10:20 PM
IYB: Thanks for your reply. To frame my question better-it seems unusal to have 2 such signals just 3 weeks apart. My question would be-have two signals been that close in time before both worked out for profit?
#10
IYB
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Posted 20 March 2008 - 01:27 AM
Yes definitely, with the caveat that past results do not guarantee future success.IYB: Thanks for your reply. To frame my question better-it seems unusal to have 2 such signals just 3 weeks apart. My question would be-have two signals been that close in time before both worked out for profit?
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
