Triple Digit Sells
As important as buy signals are to stocks, futures, options and mutual funds is the other side of the equation, the sell signal. Fortunately, our triple zero indicator works with determining our sell signals as well. There are three ways to determine a sell signal, depending on your time frame or degree of risk you are willing to take.
The opposite is true in examining a sell. In general terms, any time our triple zero indicator goes above the lower horizontal line and turns down, this signifies a sell. Our sell indicator, the result of many years of trial and error, is shown using Telechart 2007. The sell signal can be used at three different locations. The first is any time it climbs above the lowest horizontal line and turns down.
The second is when our indicator climbs above the upper horizontal line and turns down.
And finally, when our indicator touches the upper part of the chart and gives us readings of 100,100, and 100 and then turns down.
As you study the three charts, you may notice where several other sell signals may have occurred on a chart that were not annotated.
JGG