I posted at the bottom of my charts:
If the Williams confirms today, I'm buyin in a bit.
If the Aroon down crosses 70, this will fit
1) MB confirmation,
2) Knights Crossing and
3) Money Mountain
I think a good play may be here.
OK, first I am looking for the Williams(9) to cross below the -50 in the top chart - that will confirm the Magic Box.
The Knights Crossing has already set up (top chart), but it needs to get that Magic Box confirmation to make it valid. (correct me if I am wrong here, Ken. Am I correct that it is not considered a valid Knights Crossing if the Magic Box does not confirm even thought the Knights Crossing 5dMA cross and ADX cross above 20 have occurred?)
A Money Mountain set-up will confirm IF the Aroon(8) crosses the 70 going down (first chart). The MACD has just gone positive a day ago, so all we need to make this valid is the Aroon(8) going through 70 to the downside. Now, on this set-up, I don't think you must have the Magic Box cofirmation for it to be valid - again, Ken, correct me if I am wrong. However, I think it is probably highly unlikely that that Aroon will go through the 70 line without the MB also getting its confirmation by the Williams crossing through -50 heading down.
It should be noted that this stock is in After the Gold Rush and getting ready to enter Quicksand, so you should be EXTREMELY CAUTIOUS buying into this. If you decide to buy on the signals, wait for good SOLID confirmation and then be ready to exit VERY QUICKLY, because long-term, this one looks pretty pitiful, ;>(.
Ken, feel free to correct any misconceptions I have here. I just want to learn and, ABOVE ALL, I do not want to mislead anyone.
AI
