Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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John Pitera

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To: John Pitera who wrote (93658)	6/22/2017 5:41:52 AM
From: GROUND ZERO™	2 Recommendations of 222153

Yes, 7, 9, and so on, all odd number of days, but the 3 and 5 are the classic ones... so now that FNV completed a classic 5 day, let's see how it does over the next week or so... these patterns are better that 85% reliable, therefore once the pattern is completed I would never trade against it, in fact I would take the signal without hesitation... there are also many variations of these patterns, but the FNV completed a textbook example of the 5 day wiggle... the formation of these patterns are rare in the first place, and then to see it actually complete the pattern is very rare... What causes these wiggle patterns is confusion between buyers and sellers, an inflection point where the longs and the shorts are battling it out for dominance... but, only one can win... GZ

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