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

To: GROUND ZERO™ who wrote (51095)	6/26/2013 4:34:43 PM
From: Bull RidaH	3 Recommendations Recommended By fred woodall GROUND ZERO™ Hawkmoon Read Replies (2) \| Respond to of 219157

Hi GZ, Long time no see.... how ya been? :) Since 2001 when I began using Bradley Signals, I find they give roughly 80% reliable signals, when traded properly. This 6/22 turn issued a sell signal, as the Bradley turns down. The proper way to apply the sell signal is to attempt to sell the 3 day high centered on the Bradley turn date. In this case, since the signal triggered on a weekend, the goal is to sell the Monday-Friday high. The high on the SPX was 1602.13 during that period. A wise strategy would be to sell into the high, and use that number +0.5% of the SPX price (8.01) as a a stop on the trade. So I'm short the S&P with a 1610.14 SPX stop. This rally above 1602.13 today looks like a golden opportunity to add more shorts, and prepare for the next onslaught down to south of 1538 SPX... which is where the lower line of the Andrews Pitchfork off the May 22 high currently stands... and is declining about 4.63 / day. If 1610.14 gives way on the upside, an inverted Bradley Buy Signal would be given, and a high probability long trade could be put on, with a trailing 10pt. stop. We've had 18 trading days since your sell wiggle occurred. The aftermath of those signals usually takes 21 to 28 trading days to play out, and the average move is better than 15%. LOB! So turn those machines back on and Sell, Sell... SELL! :) David