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To: groundone1 who wrote (8489)11/23/2005 2:21:47 PM
From: Jack of All Trades  Read Replies (1) | Respond to of 12411
 
well you can't apply a simple logic of "Couple points are ok, but >5 means it is wrong."

I would think that the amount of movement outside the spiral would be based on the size of the spiral. Secondly, you are using a daily indicator, so the "system" needs to incorporate "daily" price swings potentials... JMO



To: groundone1 who wrote (8489)11/23/2005 2:51:39 PM
From: TFF  Respond to of 12411
 
Your assumption that the spiral wall will 100% of the time signal a reversal is wrong. I have seen many examples of continuation over the past year. That is where risk management comes in.


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