PriceTeam

[PriceTeam]

Land, I've examined Renko. In my cursory studies, I've found it gives me 20/20 vision in the rear-view mirror by the smallest, most frustrating moments of time. This is true of many indicators if not most.

Now, don't listen to me too closely concerning Renko. I've only skimmed it, tested it briefly. So if you wouldn't mind, watch it closely going into the 10-week low and report to the team on these questions:

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How meaningful was the signal coming off the top and how clear was the signal on the next launch out of the 10-week low? How did you read the signal? At what point do you sell longs? At what point do you buy shorts? At what point do you re-buy longs, assuming you are a short-term trader? Final question, how would a longer-term investor handle this chart--hold or sell? If sell at what point? If re-buy, at what point? Tough questions, of course, so anything you contribute will be appreciated.
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I have a few concerns about the chart. For example, you may be thinking it's giving a go-short signal but in a strongly trending market, it would get overridden. I have a high degree of confidence we will get some pullback here soon, and so the chart doesn't help me know this right now. But let's say the chart looked just like this but the cycle pattern was different. The market might ride right on up, and how would you know whether to hold long or go short?

Ted