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Don,
I'm glad you said that. Buy signals called at the top of descending channels
always amaze me.
My aggressive buy signal came at the bottom of the channel. It appears to
mark the beginning of a new annual cycle.
A potential setup for a high probability buy is illustrated in the attached
gif. Of course, there are no guarantees, but it would be a beautiful
pattern.
-Stan
-----Original Message-----
From: Don Ewers [mailto:dbewers@xxxxxxxxxxxxx]
Sent: Friday, January 19, 2001 9:09 AM
To: Real Traders
Subject: [RT] SP Buy signal?
Normally I recommend you don't take the signal upfront but wait for a
pullback, (wave 2:3 perhaps or a wave 2). Question, is this it and how deep?
or was this a fake and Ben had the right idea (down)?
Looking for an entry point here.
don ewers
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Attachment:
Description: "SP500020119.gif"
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