Monthly Archives: February 2013

The 3-Bar Reversal Pattern in SPY and Why You Should Not Pay Too Much Attention to The Closing Price Level

Time is money in the financial world and this is one reason the title was descriptive and long so those who know this stuff or are not interested in it can move to the next thing. This post considers the pattern of … Continue reading

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Price Action Lab Alert for Wednesday, February 27, 2013

The format of the alerts has changed to save time. These alerts are for users of Price Action Lab but demo users of the program can also verify them. Price Action Lab produces the same output each time it encounters the same conditions and thus … Continue reading

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Naive Speculators Were Hit Hard

Speculators who rely on naive analysis of price action were hit hard yesterday. In the case of the DIA, HFT algorithms got the speculators both sides. In the case of TLT shorts were shaken out. This is how professionals make money … Continue reading

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Price Action Lab Weekly Scan for February 25, 2013

A scan of weekly data of Dow-30 stocks produced a long signal for WMT for 3% profit target and stop-loss. The pattern that generated the signal has been profitable in 19 of the 30 stocks in the index. Share

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Google Stock Up 5 Weeks in a Row

Shorting GOOG after a 5-week winning streak has not been a profitable strategy historically due to the strong upward bias of the stock. Although during the last 3 times a similar winning streak occurred there was a short-term correction, in 2009  … Continue reading

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