Yes that is correct..The Daily SPX.It has been valid ever since..However the first down signal can sometimes be the weakest of the signals...It is like getting OB or OS...sometimes that condition remains for a while. I would have to go back and look at what I said...but sometimes other more powerful indicators do not confirm the signal..For example Full Stoc 13,8,3 needs to be above 80 and turning down and HISTO 65,90,12 needs to be above zero before we get a meaningful down move...As I said nothing is perfect and if the TREND is up then the down signals sometimes takes longer to work and they usually do not quite reach the targets...If it is a strong trend..Ask North..His system does somewhat the same thing..These first signals are for very short term trading anyway..I trade off 15 min to 2 hour charts,,,I seldom trade off a Daily chart. Thanks for noticing how I missed the call...Not the first time...There looks like some Neg D has developed on that chart.
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