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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (32199)3/13/2003 10:20:55 AM
From: PuddleGlum  Read Replies (1) | Respond to of 57110
 
By 'negated' I think you mean 'failed'? Yes, Oct 10-12 of 2000 had a very believable buy signal, but there was no sell signal until 1/31/01 (there were more buy signals earlier in Jan that would have been good). There were a bunch of sell signals between 6/7/99 and 7/8/99, and you would have lost money by listening to the first 4 of them. The sell signal in early Nov. 1998 had modifiers that made it very low confidence, but the sell signal on 12/13/98 seems very believable. A sell signal on 1/18/00 had a low confidence modifier, so could have been ignored.

I've been planning to create some GIF files of my charts and send them your direction, and I will do so this weekend.

Also, strictly speaking, yesterday's signal was like cocking a gun, giving the interpreter the opportunity to pull the trigger when he/she pleases. Usually one is well off by acting on the very next trading day, but I also had a buy signal on 9/10/01. Buying at the open on 9/17 would have put you underwater for a month. But buying on 9/20, the day after the trigger was pulled for you, would have been better. There are a few other similar cases.