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  1. #1
    Legend peat's Avatar
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    Aug 2004
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    Whanganui, New Zealand.
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    the hourly didnt give much from that medium strength buy signal , same as the previous sell signal only a max of 5 points was offered before turning to test ones resolution. Right now - see pic - we're right on the cusp of being reversed again. There is no actual tenkan cross yet and price is sitting on the edge of the lower cloud - make or break for any long positions established on the medium buy signal - pretty much jerkin us round as trending indicators are wont to do.

    update a few hours later :
    due to ichi being time and price based even though price hasnt changed much tenkan has now crossed and price below cloud.... so that means the downward trend has resumed.
    Last edited by peat; 22-07-2010 at 12:35 PM.
    For clarity, nothing I say is advice....

  2. #2
    Senior Member ananda77's Avatar
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    Jun 2004
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    New Zealand.
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    ...and the Bull/Bear conflict continues

    David Rosenberg: The Meat Grinder Market
    Last edited by ananda77; 22-07-2010 at 06:13 PM.

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