SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (31581)5/3/2012 5:50:09 PM
From: penthouse mike  Read Replies (3) | Respond to of 218827
 
GZ,

With this wiggle pattern completed today, did you go short the Russell 2000? Are you still holding your S&P short into the jobs report?



To: GROUND ZERO™ who wrote (31581)5/6/2012 10:33:01 AM
From: Mario :-)1 Recommendation  Read Replies (1) | Respond to of 218827
 
GZ, thank you for sharing the wiggle pattern. That's quite a big reliable percentage! I didn't know there are patterns with this kind of reliability. Do you happen to have any others like this? :-)

Is there any book, where this kind of patterns are posted? Need to go through Bulkowski candlesticks patterns and see if I can find this one there. Doesn't matter how rare they are as long as they have high reliability.

That wiggle pattern you posted had nice follow up! Unfortunately, now we have charting providers issue. I'm using stockcharts. And looks like (if I'm understanding the pattern correct) Russell index and ETF, both didn't get third condition "go over second day high" painted right for this pattern. So, if you manage to build yourself a scan to look for this kind of patterns, then because of chart provider unreliability you will still miss them many anyway :-( (What could work would be to scan for outside days, then watch all of them next few days and see if they develop close enough...

I'm attaching two charts so you can see what I mean: