QUOTE (IndexTrader @ Jul 1 2011, 07:20 AM)
QUOTE (NAV @ Jul 1 2011, 09:08 AM)
QUOTE (IndexTrader @ Jul 1 2011, 06:18 AM)
QUOTE (NAV @ Jul 1 2011, 01:43 AM)
QUOTE (IYB @ Jun 30 2011, 09:35 PM)
I went through and double checked my Seven Sentinels, Four Friends, hourly indicators, context stuff, and I just could not find Geithner in any of them, so.....I guess I just don't care what Timothy does or doesn't do.
Same here. My simple price based buy signal from June 21, remains on a buy. http://www.traders-talk.com/mb2/index.php?...=131869&hl=
I thought your buy signal was invalidated when we went back down under 1278?http://www.traders-talk.com/mb2/index.php?...=131854&hl=
1278 was the stop loss for any long trades. Signal does not change until the prior swing lows gets violated. I will update when the next sell signal shows up.
From the way you phrased that there was no way to have known that. The SPX moved perhaps 30+ points against the signal.
Yes, it was not correctly phrased. For change in signal my swing low/high has to be violated or the signal has to turn. Had it happened, i would have updated it, as always.
Yes it moved 30 points against the signal, which does not mean anything other than the huge volatility in the market place. If you read my other post, i clearly mentioned avoiding the trap of getting caught near top when the signal was generated and to buy the dips. Anyway that's a trade management issue. It has got nothing to do with the signal per se. A buy signal means buy-the-dip context. A sell signal means sell-the-rallies context.