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EARLY WARNING BUYING SIGNAl

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i have been looking at my Stochstic/ Momentum/ RSI/ 7-15 Days Moving Averages... They are all giving me an early warning buying signal... Any opininions... Mr Brown???
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9 REPLIES 9
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Remember there are no guarantees on the market, no indicator is flawless, all indicators only show a PROBABILITY of something happening.
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Super Contributor
I would watch that long term support line which goes back to March 2009.It comes in at about 1100 at the moment.The price broke below it and might come back up to test it (now resistance).If it doesn't break up through it you have a problem.1100 also looks like the neckline of a H and S which has been broken.Be careful!
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Super Contributor
Mr Brown will you,if you getting a signal , you have to trade it,if you wrong, the market will stop you out, so where is your stop loss?
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Valued Contributor
I don't trade equities, but rams is right, you got the setup, set the stop loss an off you go ..
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Not applicable
Simon. what do you trade then?
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Valued Contributor
indices, for volatility and disclosure reasons .. http://www.simonbrown.co.za/portfolio/
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Super Contributor
Would sell this short but no trading in cfds on this one.
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Super Contributor
yes, chart looks like a short
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Not applicable
Is there anything wrong with this company fundamentally though? Why the decline in the share price?
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