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so to sum up? it might go up or it might go down, would that be a good
interpretation? have you ever actually placed a trade? i see allot of would
have and should have comments below. it has been my experience that these
are generally the comments of someone who cant commit to a trade.
thanks for the post : may i ask can you sum this up simply to a buy or a
sell ?
mark brown
>1) a low risk buy SETUP occurred 9/3 when 9 consecutive closes less than
>the close 4 trading days earlier occurred--market responded by recording
>a short term rally;
>2) early warning of potential bottoms ocur when "13" lows less than or
>equal to the low 2 trading days earlier are recorded for COUNTDOWN
>requirement in conjunction with standard(conventional) COUNTDOWN
>requirement of "13" closes less than or equal to the low two trading
>days earlier--often the "early" approach is the ONLY indication of a
>possible bottom and the standard(conventional) never occurs;the early
>"13" occurred on 10/8;
>3) if a subsequent Setup occurs the market is recycling- this condition
>does not apply is the closes of the renewed Setup are all contained
>within the original Setup which they were the first week of October;
>4) the close of day "13" was above the open despite the fact it was a
>down close suggesting the start of the uptrend;
>5) the market recorded 3 SETUPS(9 OR MORE consecutive closes greater
>than the close 4 days earlier) into last Friday's high and the
>distinction between each successive SETUP was that each consumed
>successively smaller price distances from highest high to lowest
>low--had the market traded above 1208.50 before it closed less than the
>close 4 days earlier, this would not have been the case for the most
>recent SETUP;
>6)subsequent to the 1st sell SETUP(9 or more consecutive closes greater
>than the close 4 days earlier)and comparing the close with the
>respective highs two trading days earlier produces a "13" on 11/23 an
>the first subsequent close less than the open was the next trading day
>but the risk of "recycle" was so imminent that the "recycle"
>potentialhad to be cancelled which it was today;
>7)had the highs versus highs been used for COUNTDOWN rather than close
>versus highs and the 1st close less than open be used or cancellation of
>a "recycle" the same days would appear.
>
>"trading markets includes a great deal of risk and there exists no
>guarantee of profits, regardless of past performance.traders must be
>prepared for the unexpected and the potential of total loss of capital."
>this is no solicitation and is presented for educational purposes only.
>no representation of accuracy or profitably is made.
>
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