Category Archives: Price Action Lab Alerts
After the close of Monday, May 15, 2017, DLPAL signaled deterioration of positive bias in Dow 30 and higher probability of a correction. The confirmation of the signal yesterday adds to empirical evidence about the short-term predictive power of the … Continue reading
Technical analysis introduces data-mining bias because of the reuse of data. Due to this fact, trading signals based on small samples are not just naive, they are very dangerous. The problem of small samples can be resolved only if they are increased. Anything else … Continue reading
Focusing on what is perceived as important is the cardinal mistake of most technical analysts. Normally what is overlooked may be equally or even more important. Usually what is more important is very hard or impossible to see.
The SPY2p5 system generated a long signal after the close of yesterday and before the rally of today that resulted in a 2.16% surge in the price of SPY.
The double inside day in the daily GLD chart shows short-term indecision from the part of market participants. This pattern is analyzed here for a significant directional bias.