12-10-11 Comments

[grems8544]

Thanks Mike.

Could you post your annotated signal chart so that I could compare to mine?

Regards,

pgd

[Mike]

QUOTE=grems8544;19203]Thanks Mike.

Could you post your annotated signal chart so that I could compare to mine?

Regards,

pgd[/QUOTE]

Attached is the annotated Market School signal chart...
This is the latest I have which is Thursday market close. I expect to see yesterday's close chart sometime this weekend. Yesterday should add a B6 signal, low above the 50-day.

Remember that an S5 signal resets B3, B4 and B5 signals and an S9 resets the B6 signal. We got both S5 and S9 on Thursday. This reset also means that the reset signals prior to the reset are not counted if and when the buy switch goes on. This is a phenomena for the potential-rally low to the Follow-Through Day only. After the reset we can have another B6 which is what happened yesterday. The exposure count is 0, we have that one B6 buy signal in the pocket that will be counted if not reset and we get a FTD. The Distribution Count is 4. Two distribution days came off the chart (grayed out) when the index went up 6% intraday above the close values of those particular distribution days. I think that happened on Dec. 5th. On Dec 7 another distribution day fell out of the 25-day lookback window and then 12/8 we got another day of distribution.





0NDQC_20111208.pdf