Closing Lows Predict
Principles of the Stock Market

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Have You Seen This?

Have You Seen This?

Closing Lows Work Again.  Looks like the closing lows indeed triumphed over the intraday lows, again.  As regular readers know I pointed out the major averages broke Head & Shoulders Top necklines about two weeks back, on January 4th and thereabouts, in most important indices using closing lows but didn’t if you used intraday day lows.  And said that I’d never seen a case where closing lows weren’t eventually proved correct.  Schwartz View:  So please put that one in your bag of tricks for next time.  If one confidently used that break of the closing lows, closing out your longs and buying inverse funds, you could have made a bundle! 

 




Posted 01-22-2008 8:12 AM by Richard Schwartz