buy signal of last wk remains in force and has strengthened.
INDU sold off to it's lower 4% band, rallied, tested the low with another selloff
to the lower 4% band and reversed to close inside the lower 3% band.
NYSE 21 day breadth indicator makes a higher low on the retest with only
a marginal drop into negative numbers and quickly moves back to positive territory.
that is a strong buy signal using this method.
http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=6&dy=0&i=p63401722561&r=7204.png
http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&yr=0&mn=6&dy=0&i=p50966274753&r=7759.png
.
INDU
Started by
airedale88
, Mar 20 2007 06:37 AM
5 replies to this topic
#1
Posted 20 March 2007 - 06:37 AM
airedale
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
#2
Posted 20 March 2007 - 08:29 PM
Is there a corresponding sell signal with that particular system? Thanks.
Edited by teki, 20 March 2007 - 08:29 PM.
#3
Posted 20 March 2007 - 09:47 PM
Is there a corresponding sell signal with that particular system? Thanks.
yes, one sell would be a new high or a move to the upper envelope with a negative or nearly so breadth indicator. the creator of the system has numerous buy and sell signals. i only mention the one or two signals that have been publicly disclosed.
airedale
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
#4
Posted 21 March 2007 - 08:54 AM
The creator of this system/method is Bill Schmidt and details can be found at tigersoft.com
#5
Posted 21 March 2007 - 11:45 AM
that's it steve, thnx. gerry appel in his newsletter "system and forecasts" way back in the 80's wrote up some info on the method and use to track come of the signals when i had a subscription.
airedale
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
#6
Posted 22 March 2007 - 12:17 AM
system remains on it's recent buy signal. breadth indicator gaining more strength.
airedale
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England