The 42/49/55 day reaction technique by Chuck Carpino
ARTICLE SYNOPSIS ...The 42/49/55 day reaction technique by Chuck Carpino
The 42/49/55 day reaction technique is a trading method I have used for years to buy a stock or index. Although the signal is infrequent, its reliability for a substantial profit is extremely high. In addition, the technique allows low-risk trades because stops can be placed close to the entry points with confidence. The indicator is based on a simple chart pattern that must occur within a specified time period. The pattern, should it evolve, will always take place during a market pullback. The basic signal is a stock completing three down ...
AUTHOR: Chuck CarpinoDATE: MAR 1990