On the close it looks like we will have a SSBS.
The SSSS only lasted 4 days.
Seven Sentinels Buy Signal is likely....
Started by
Caduceus
, Dec 27 2006 03:30 PM
4 replies to this topic
#1
Posted 27 December 2006 - 03:30 PM
#2
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 ~
~ Johann Wolfgang Von Goethe ~
#3
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
Posted 27 December 2006 - 06:24 PM
Closed exactly on the BB
No buy signal yet....
[attachment=5125:attachment]
#5
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.