Re: MrJohnRoss' Account Talk
Originally Posted by
k0nkuzh0n
This uhh, technique, was mentioned here last year. Here is the update. Gave a sell on January 8th, which the S&P 500 closed at 1,922.03. Its several weeks of positive gains away from giving a buy signal.
Several months ago, I and only one other mentioned that with the price line being removed from the chart, you have no way of knowing how well the signals correlate to actual prices. The response was that the price line cluttered the chart. The price line is the most important part of any chart.
I suspect the 'unknowing' falsely believe the crossovers also indicate the actual price levels of the underlying. Even so, if the masses like it; I love it. I decided to drop the matter unless someone else noticed the obvious. I'm amazed it took so long.
[COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]
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