SPDR S&P 500 (SPY)

[leftyg]

Hi bobjack..I started some 10 years ago in Rydex, using the usual guess indicators..discovered Point&Figure charting..found the signals to be too slow..noticed after awhile that the 2 box price reversals (rather than the 3 box reversal of the standard chart), could be used to identify trend changes. I wish the Renko charts had been available through some service then..it would have made life easier.

I now look at the usual indicators every day..especially breadth indicators. There is value there..but often ambiguity. I am an old digital engineer..I like "0" and "1" conditions. That is a plus for me on the Renko charts..either the day finishes with a box filled, or it does not. There is no ambiguity.

I still have an account at Rydex...they are good..I have been quite satisfied with them, except for the limited trading times they offer. Most of my money is now at IB, and I place orders to buy or sell ahead of time, based on the Renko charts. When a reversal occurs, I am out of one trend, and into the other...rather seamlessly..and hopefully without too many whipsaws. Regards.