Saturday, August 11, 2007

2b reversals

Some current examples of 2b reversals. These are by no means 100%. I've never actually tested to see what kind of % can be expected from a 2b signal. If I had to guess I'd say maybe 55-60%. The Dow actually did signal a 2b on Friday along with the NYSE. Just something to think about if you are trying to press the short side. The odds may be slightly against you. It might not hurt to cover and see if the 2b is negated before pressing the short side anymore.