Best Indicator

For Spotting Mkt.

Tops and Bottoms?
By Joe Gruender Jr.

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This presentation is for educational and entertainment purposes only and are
neither a solicitation, nor an offer to buy or sell any financial instrument. All
information provided herein is the personal opinion of the author(s). The
author(s) make no claim that the information in this presentation is correct.
Under no circumstances should any of the information in this presentation be
taken as personal or individual trading advice.

Past performance and/or hypothetical results of any trading method are not
indicative of future results. Trading and investing in any financial instrument
carries high levels of risk and may not be suitable for all investors. You should
be aware of all the risks associated with trading, and seek advice from a
financial professional, if you have any doubts. The author(s) will not assume
any responsibility whatsoever for the actions of the reader/viewer nor financial
losses that may result from the use or misuse of the information presented.

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 What Will Be Covered In This Video?
Background Information.
Details Regarding This Indicator.
Where Do We Find This Indicator?
How Do We Use This Indicator?
Does This Indicator Give High Probablility
Results?

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 Background Information?
An indicator used by my investor
friend, Dennis, at
activetrendtrading.com
New to me, but a favorite of Dennis
Limited details available before my
research/analysis was conducted.
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 Details Regarding $MMTW:
An overbought/oversold indicator,
Is a Percentage NOT NUMBER,
Used on a daily chart, maybe Weekly,
Go to cash or tighten stops when in
an oversold or overbought condition.

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 Where Do We Find This Indicator?

May be available from several sources?

Available here: http://www.barchart.com/

Need to find using Enter ticker symbol:

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 How Do We Use This Indicator?
Open a 2 year chart of the $MMTW,
Pick spike highs and lows on chart,
Use spike info. to record highs and lows
from the indicator onto the /ES chart,
Tabulate results to determine success
and reliability of the $MMTW indicator.

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11 Spike Down Dates Are Identified.
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 11 Spike Up dates are identified..

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 Spike Down Dates:
A. 11 of 14 (79%) were correctly identified by the indicator,
6 were perfect, 3 were 3 to 6 days early, and 2 were
1 and 3 days late.

B. The 3 of 14 (21%) that were NOT identified by the indicator,

the S&P emini futures contract (/ES), price went down 42,
57 and 113 /ES points before turning back up.

C. For the spike down dates that were identified, indicator

provided very good results.
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 Spike Up Dates:
A. 11 of 19 (58%) were correctly identified by the
indicator,
A-1. 3 of these 11 (27%) continued up 1% to 3.4% after
being identified by the indicator, and
A-2. 8 of these 11 (73%) turned down from .4% to 5.5%
after being identified by the indicator.
B. 8 of 19 (42% ) were NOT identified by the indicator,
B-1. 7 of these 8 (88%) turned down 1.2% to 3.8% within 3
to 12 bars (trading days) later.
B-2. 1 of these 8 (12%) is still open and is undecided.
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 In 2013 to 2014 (an uptrending market), indicator
was better at finding spike lows than
finding spike highs.
Perhaps in a downtrending market the
indicator would do better finding spike highs?
No indicator is perfect all/any of the time.
Caution: Use the $MMTW indicator as a
supplemental tool to other indicators
available to you.
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We hope your learn, profit and enjoy, Trader_Joe
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