Originally Posted by
Ken
Hi Mike, does this relationship also apply to B3 and S5 signals ? For instance, would actions of today 6/25 be considered an S5 signal or do we need a B3 signal first ?
Best-
Ken
Ken, there are several relationships between buy and sell signals that reset each other. Here they are:
You can't have a B3 (Lows above 21 ema), B4 (5 days of lows above the 21-day ema) or B5 (10 days of lows above the 21 day ema) signal without a prior S5 signal (Break below the 21-day, closing down at least 0.2% below).
You can't have an S5, S6 (Overdue break below the 21-day--no S5 for the last 25 days), S7 (5 days of highs below the 21-day), S8 (10-days of highs below the 21-day) without a prior B3
You can't have an S9 (Close below the 50-day) without a prior B6 (lows above an uptrending 50-day)
You can't have a B6 without a prior S9
Mike Scott
Cloverdale, CA