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Seven Sentinels Buy Signal is likely....


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#1 Caduceus

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Posted 27 December 2006 - 03:30 PM

On the close it looks like we will have a SSBS. The SSSS only lasted 4 days.

#2 Sentient Being

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Posted 27 December 2006 - 04:52 PM

How is it doing? Will it whipsaw or make money this round?
In the end we retain from our studies only that which we practically apply.

~ Johann Wolfgang Von Goethe ~

#3 Caduceus

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Posted 27 December 2006 - 05:22 PM

The whipsaw this time was very small (chart below). I have not been tracking every signal since Don took his vacation from TT. My opinion is that this will be a tradable signal but will set up some rather large divergences in the process. One indicator that I do not like to trade against too much is also attached (the stochastic crossing down from above 80 is a strong warning for IT trend change and visa versa from below 20). Fighting the seasonal bias here is not a good idea IMHO, cash or long are the only positions I will have at this time of year. Good trading, C [attachment=5123:attachment] [attachment=5124:attachment]

Edited by Caduceus, 27 December 2006 - 05:23 PM.


#4 Caduceus

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Posted 27 December 2006 - 06:24 PM

Closed exactly on the BB No buy signal yet.... [attachment=5125:attachment]

#5 Caduceus

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Posted 11 January 2007 - 08:43 PM

Just for the record todays rally did not generate a SSBS as the BPCOMPQ did not confirm. Still on a SSSS, utilizing the sentinels from the early 2006 timeframe. [attachment=5163:attachment]

Edited by Caduceus, 11 January 2007 - 08:44 PM.