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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: KingHigh who wrote (40885)	11/27/2012 7:17:14 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 218706

Okay, here's what we have... each buy signal price is set only for that day, these requisite signal prices could move higher or lower each day, it's not a trend line or a descending line of any sort... yesterday's market action has absolutely no influence on today's market action... The rule is whenever a buy signal is rejected, whether it's a first, second, third buy signal, or whatever, the model returns to the short position... this would also occur if the initial buy signal was rejected... and actually, this has happened only a few times in the past three years that a second signal was rejected... in each case, the model identifies this signal rejection as an immediate reverse in trend... A rejection of a buy or sell signal is an extremely important event to recognize, it immediately reverses the model's market position... the model went long with a close above 1383.90 on 11/20, but as of today it automatically reverses to a short position at 1399.00 because of the rejection and/or non confirmation of this buy signal... GZ