AI
Monday, December 31, 2012 11:55:50 AM
TREND
This chart is one I stole from FOOTSTER and then modified it to suit my style. The key is the $NYDNV indicator. I have only backtested this one year. When the reading exceeds 900 - we will eventually begin a decline. When the reading doesn't manage to hit 75 - a trend to the upside has started. Once a signal happens - you ride that baby until a signal in the opposite direction appears. There has been only one occasion where there was a signal and within 2 days a signal in the opposite direction appeared. It was best to disregard the second signal.
In a nutshell - probably a good 401-K tool.
This chart is one I stole from FOOTSTER and then modified it to suit my style. The key is the $NYDNV indicator. I have only backtested this one year. When the reading exceeds 900 - we will eventually begin a decline. When the reading doesn't manage to hit 75 - a trend to the upside has started. Once a signal happens - you ride that baby until a signal in the opposite direction appears. There has been only one occasion where there was a signal and within 2 days a signal in the opposite direction appeared. It was best to disregard the second signal.
In a nutshell - probably a good 401-K tool.
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