Archive for the ‘buying’ Category

A Significant Buy Signal (2009-6-24)

The following sequence produces very significant buy signals:
1. The stock market enters into a trading range
2. A breakdown takes place through the lower boundary of the trading range.
This, perhaps, trips a few stop-loss orders in the process, extending the decline a touch, but there is basically little in the way of follow-through to the decline.
3. [...]