Letters To S&C by Technical Analysis, Inc.
ARTICLE SYNOPSIS ...Letters To S&C by Technical Analysis, Inc.
CLARIFICATION ON DOUBLE 7s STRATEGY
In the January 2009 S&C article, "Three Rules, One Easy Way To Trade Etfs," Figure 2 shows point B and the caption refers to "a new, seven-day low at point B." However, two days earlier, the price bar is lower than the bar pointed to at B (using a magnifying glass).
A check of my data shows the same results. Point B, on December 14, 2007, has a low of 50.92, but on December 12, the low is at 50.89, according to data from Yahoo! Finance. Is it possible the arrow is pointing to the next day, or do the auth...