The $INX and $Indu daily charts printed TD Trend exhaustion bottom signals and the $Compx and $RUT printed Waldo #8 bottom signals at the close today. These are often valid.
• TD Waldo #8 For a Potential Bottom: The close of the prior price bar is higher than the close five bars earlier and the current close is lower than all seven prior closes, but higher than the close 11 bars prior.
FWIW Bottom signals on the daily charts
Started by
Geomean
, Apr 04 2012 08:54 PM
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#1
Posted 04 April 2012 - 08:54 PM
Opportunity knocks on your door every day-answer it.