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This system used to work quite well - it might be back on track. Note that all three indicators have to be on "sell" for a valid signal (same for a "buy"). Last good signal was a sell on September 22 and it's been on "sell" ever since.
uempel wrote:This system used to work quite well - it might be back on track. Note that all three indicators have to be on "sell" for a valid signal (same for a "buy"). Last good signal was a sell on September 22 and it's been on "sell" ever since.
XXX.png
I can see the first two signals were generated when crossed the MA line. Correct?
How do you identify the 3rd signal? Was it through the candle pattern?
Thank you.
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uempel wrote:This system used to work quite well - it might be back on track. Note that all three indicators have to be on "sell" for a valid signal (same for a "buy"). Last good signal was a sell on September 22 and it's been on "sell" ever since.
The attachment XXX.png is no longer available
I can see the first two signals were generated when crossed the MA line. Correct?
How do you identify the 3rd signal? Was it through the candle pattern?
Thank you.
lostlamb - I like your name. We all are lost lambs As to this system: a few years ago it work superbly - but during the long bull run it lost its clout and was useless. Recently I noticed that it was back from rehab and behaving as it should But beware of the system - it might have to go back to rehab anytime
Last edited by uempel on Tue Oct 07, 2014 10:34 am, edited 1 time in total.
Looks like the mkt wants to go up to Premkt PB of 196.30 and 197.10. If the option liquidity makes a turn to up side in the next couple of days a move up to 197.10 could happen. Lets see.
KENA wrote:Looks like the mkt wants to go up to Premkt PB of 196.30 and 197.10. If the option liquidity makes a turn to up side in the next couple of days a move up to 197.10 could happen. Lets see.
Alcoa results tomorrow after the close, Pepsi on Thursday. Market might want to wait
BPNYA and BPCOMPQ are weaker than two hours ago - this does not bode well for the bulls. For any trade which ain't a day trade - no good idea to fight BPNYA.