Tough market for candlesticks

LINK (Look at the red x's and green check marks.)

Scroll down this page at American Bulls and you will see that for the first time in 2 years, they have had 4 losing signals in a row on the S&P.
They have had only 2 back-to-back losers in 2 years time as $100 in the S&P became $171.
They are back to the October 25 cash balance.

One thing this means is that we are in a very volatile, choppy market recently.
But that's an improvement over straight down.




S & P 500 Index Daily Commentary
Our system posted a BUY-IF today. The previous SELL recommendation was issued on 03.17.2008 (3) days ago, when the index value was 1,279.6. Since then SP500 has gained 3.90% .

Edited by Rogerdodger, 23 March 2008 - 12:27 PM.

Weekly they have been better and they want us to buy.

[attachment=6706:cowjump.jpg]

AB gives itself the benefit of backdating its calls. The next day's stick can hit and sustain a confirmation point earlier in the day and then reverse into the end of the day. AB always gives itself credit if the confirmation sticks EOD and never takes the heat when the confirmation falls on its face EOD. Despite all of that bulletproofing of its calls, it has lost 4 calls in a row. Quite a market feat.

Weekly they have been better and they want us to buy.

But the weekly has performed worse overall the last 2 years, up $41 weekly compared to $71 daily.
This last week's "Bullish Engulfing" candle killed 'em, losing over 10%.

This Week's Patterns:
White Candlestick
Bullish Engulfing
Bullish Morning Star

"Buy-IF" Daily and Weekly