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Innovation Pharmaceuticals IPIX
Posted On: 12/05/2012 10:03:55 PM
Post# of 72446
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Posted By: TOB

Here are the 4 charts that illustrate my prior post. I ran out of edit time.


First the 11/09/11 example of a rally after a B band exit and the setting of resistance at .77 But note in each example, there was some action lower, but you had to be nimble to catch it (2-4 days) as it was the start to a rally.



Next the second example 5/22/12 Again, better be fast because outside the B band just signaled a run-up, not a long pull back.



Then we see just how important resistance at .77 became, so it took an 8 day battle on high volume before there was a successful break-out.



Finally, today's chart, now we see the recent examples where the B band exit was a good sell point. But what about my first examples?


= B bands exits not high accuracy signals for CTIX.


Notice also no re-entry after B band sell #3, unless you used the green diagonal trend-line, the better entry, support in an uptrend, just like resistance is better.






















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