This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj
Tuesday, 2 February 2010
Long term signals
On the 16th Jan post I suggested crosses of the 10 and 20 week moving averages as long-term mechanical trend-following signals for the Dax.The chart here suggests a cross may be imminent.However on the other chart a more sensitive system is shown based on engulfing candlesticks.This would have already triggered a short sale.
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