Chart was right. FF says it stays right,
(You have to love short selling. What it took the longs 2 months to get, the shorts got in 6 hours.
Edited by selecto, 28 February 2007 - 06:15 PM.
It isn't over...
Started by
selecto
, Feb 28 2007 06:13 PM
3 replies to this topic
#1
selecto
-
- Traders-Talk User
- 6,871 posts
Member
Posted 28 February 2007 - 06:13 PM
Over the weekend I posted this weekly showing a sell signal (taken off the mac hist 5 sma).
Chart was right. FF says it stays right,
(You have to love short selling. What it took the longs 2 months to get, the shorts got in 6 hours.
Chart was right. FF says it stays right,
(You have to love short selling. What it took the longs 2 months to get, the shorts got in 6 hours.
#2
selecto
-
- Traders-Talk User
- 6,871 posts
Member
Posted 28 February 2007 - 06:36 PM
PS: For the time shown, it looks like the trading rule is this: The signal has always made money, so you make and hold the trade until you are making money, then you apply Warren Buffett rules #1 and 2.
#3
Russ
-
- Traders-Talk User
- 7,196 posts
Member
Posted 28 February 2007 - 06:53 PM
More fuel for the fire. Course we could be wrong and we should be 'watching da sky' . 
http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=3&mn=0&dy=0&i=p65796419268&r=2149.png
http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=3&mn=0&dy=0&i=p65796419268&r=2149.png
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#4
eminimee
-
- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 28 February 2007 - 08:03 PM
Taken down to the brass basics....when something is suppose to continue out of a pattern....and doesn't....it's bearish. Weekly has broken a channel...the question is now....do we kiss back to the bottom of it before breaking down....or do we do it now.
http://stockcharts.com/c-sc/sc?s=$NDX&p=60&yr=0&mn=4&dy=8&i=p41458498106&a=89602802&r=9965.png
http://stockcharts.com/c-sc/sc?s=$NDX&p=W&yr=6&mn=1&dy=0&i=p33722548789&a=80889979&r=1936.png
http://stockcharts.com/c-sc/sc?s=$NDX&p=60&yr=0&mn=4&dy=8&i=p41458498106&a=89602802&r=9965.png
http://stockcharts.com/c-sc/sc?s=$NDX&p=W&yr=6&mn=1&dy=0&i=p33722548789&a=80889979&r=1936.png
