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spielchekr

06/19/05 10:14 PM

#2226 RE: goosemeister #2225

My observation is that Americanbulls confirmations are always made AFTER the fact, after the close. The right execution at the right time is ALWAYS left up to the reader to interpret during the course of the day of execution. Americanbull's final interpretation AFTER the fact has the advantage of hindsight of price activity anytime between pre-market and closing. While advising YOU to watch price action beginning at pre-market, amongst other things, Americanbulls has the "advantage" of interpreting the entire day's action before it publishes a buy or sell confirmation. No real time calls are made by them. Like everyone else, you've seen falling pre-markets rocket into the stratosphere by the close (and visa versa). If you had traded in the morning for example, you would have naturally made the wrong choice while Americanbulls "made" the right one, all in retrospect of course. Don't you wish you could do that too?

To top it off, the PRICE OF THE TRADE is always from the PREVIOUS DAY'S CLOSE. How do you accomplish THAT when price dives in the A.M., you take their "advice", then the price reverses higher for the close? If you can buy and sell yesterday's prices, you don't need Americanbulls or anybody else.

It's an interesting site for learning candlestick patterns, but it's trading "record" is ludicrous.