trading on technical data using a new method
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Posted: Friday Sep 2 8:09:18AM 2011
Natural Gas (Oct 2011)
Current Price: $4.01
As noted earlier, despite the strong sell signal here, nat gas is seasonally very strong from the beginning of September until the 3rd week in October.
Posted: Friday Sep 2 3:32:02AM 2011
Current Price: $10.77
Once again, signal strength can range between 0 and 13 in either direction. Here the sell signal is very low.
Two days ago (Aug 30) the sell signal strength was 1.8. My results for Richmont Mines are interesting in that 2 days ago each technical indicator I look at was suggesting BUY but my results indicated a sell signal with a strength of 1.8. Tonight (Sep 1) all but one technical indicator is suggesting BUY. Despite this, again my results indicate a sell signal with a very low strength of 1.2. The reason why my resulting signal here is contrary to the respective signal of each indicator for RIC is because my calculations take into consideration how a stock or currency behaves when a combination of conventional technical signals is present. Thus my method should be far more reliable in certain situations like when a stock is "going parabolic" and every technical indicator seen alone is yelling BUY.
Posted: Friday Sep 2 4:33:20AM 2011
Current Price: $7.06
The signal strength has dropped considerably from just 3 days ago (Aug 29) when the signal strength was 6.0.
Posted: Friday Sep 2 1:48:33AM 2011
Euro Fx/U.S. Dollar
Current Price: 1.4248
The daily chart suggests good support at 1.4165.
A strength level above 5 suggests an urgent buy or sell signal.
Posted: Thursday Sep 1 11:21:32AM 2011
Current Price: $4.67
Re strength, it can range between 0 and 13 in either direction.
In addition, seasonally, BBD.B is extremely weak from the beginning of September to the 2nd week of October.