PBP chart for TA sceptics (or for ex FA exponents)
Quote:
Originally Posted by
Footsie
As usual all the information was in the price
Yup. That's dangerous, provocative TA talk Footsie!
Quote:
Originally Posted by
Footsie
When would the sell trigger have first occured......
The Bearish divergence was the first indication of weakness. Some might have sold on that alone, but generally it is best to wait for confirmation before acting.
Quote:
Originally Posted by
Footsie
....probably way back when the CEO sold down.....
So, that huge red spike (depicting "smart money" getting out) was the CEO!!!!! How smart was that! Anyone seeing/knowing this and doing nothing should not be surprised at their subsequent losses. This sale also broke the OBV trendline giving another sell signal, but I have lumped both together as number 2.
Quote:
Originally Posted by
Footsie
The last signal was a break of the uptrend at the beginnig of Jan.
Not really. Use of the usual logarithmic price scale brings that trendline break forward more than 2 months to October. The last signal shown here was number 6 - the Slow stochastic Oscillator which fired on 3/11/09 giving an exit at $2.46. The first 5 signals gave much higher exit points, averaging over $2.60.
http://i602.photobucket.com/albums/t...sPB/PBP218.gif