The following chart is QLGC. This is not a recommendation to buy or sell this stock. Due diligence is your responsibility. If you need professional investment advice then find a professional.
Just a quick chart example of the new 'watch' signal being used along with the 'alert' signal.
The 'watch' is just that, watch to see what happens. The ideal is for this to lead into the 'alert' signal. Ha Ha Ha, lots of examples of when it does not work, please remember this is just an example of when it worked.
If not too fuzzy to see there is a 'watch' down arrow at the end of March which did not develop into an 'alert'. After some sideways movement the price continued the initial up move.
At present the recent 'down watch' has developed into a 'down alert'. Will have to wait and see what happens in the next couple of weeks.
Of course this is not a magic bullet, just a way to view the market. What I do enjoy is that once the 'watch' signal occurs there is usually some time to see how the price action develops as it moves towards a possible 'alert' signal. During this time it is possible to apply other criteria to either confirm or deny the possible future signal. Call it lead in time to a potential move.
Enough for now. Chart created with MetaStock.
Thank you for your time.
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