Hey now you're talking Carl..
that's the Dorsey Wright Creedo...P&F makes you money inbetween the top and bottom...
on all charts, in stocks, indexs, commodaties, futures etc...we trade between 30% at the lows, which we define as oversold, and 70% at the top, which is overbought...i'll take the safe 60% in the middle..
it's more conservative, but very rewarding because you can really put a large amount of money on the table and feel confident it's the right thing to do with out fear...
example..right now...the Internet Bullish Percent Chart, has bottomed at around 22%, well below 30%...now when it turns UP, which it should today or Mon...this means we have very little risk to the downside, and gigantic potential on the upside...of course market willing...
i like & live for those odds...<g> |
