TIGER DAY TRADERS TOOL
(C) 2017 www.tigersoft.com
www.tigersoft.com/Peerless-Research/TigerDTT/INDEX.htm
Study these for patterns. The pattern that applies
now, I think, is:
first, a Summer TTT bearish divergence from the price action of the DJI,
second, then a TTT breakdown below its support in July-Aug-Sept-October
and then a price decline in DIA.
Abide by the bullishness of a TTT downtrend-break like those shown.
Traders using this would have succeeded in 9 years and failed in 3.
Examples:
TTT breakdown or
trendbreak after TTT bearish Summer divergence (9)
July 1998
Late Aug 1999
Sept 2000
(June 2001)
Sept 2002
July 2004
(Sept 2005 - small decline)
Sept 2008
July 2011
July 2014
July 2015
Failures: (3)
Sept 2003
July 2012
Aug 2013