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Re: augieboo post# 4794

Monday, 07/21/2003 2:56:30 PM

Monday, July 21, 2003 2:56:30 PM

Post# of 148479
Let me barge in, please.

You are basicaly asking how to use the COTL/H indicator.

Let's suppose that the COTL indicator hit at 10:15 today.
It's saying that today we are going to close near the lows. So you are free to go short at any time during the day, (the sooner the better?) and you can close the short at the EOD, and make some money.

If we do not close at the lows today you lose some money in your short but not all is lost, as it is now indicating a Change Of Trend. At that time you should go long and make some dough as a long in the next 2 or 3 trading days.

To answer your direct question: If today we close at the lows the indicator was successful, and there's no further prediction from this signal going forward.

H.





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