September 30, '04. ..putting the swerve on...
Thursday. That's what the SMH does when it's ready to move. It puts its swerve on. At ValhallaFutures, we use Event Concepts to define swing trade signals. And although the bulk of the work is focused on the shorter term intraday signals, an expanded version of the rules can be applied to the longer term end-of-day swing trades. Today, just such an Event Concept signaled an immiment turn for the weekly trend. The Russell 2k (symbol MR) filled a gap left open from Sep 22, the SMH displayced significant divergence, and furthermore displayed a topping pattern well-documented in the manual Pivots, Patterns and Self Recognition. A collision of pattern fruition and relative price. Come trade with us and learn the rules of these important signals. Check in at daytradersmethods.com.