IMUGENE CHART. TA only, page-28705

Thanks hoots for the chart. The comments below are in relation to an ongoing discussion.

This is a great example of what was meant yesterday regarding how the GC (and DC being a reverse) can often be lagging and needs extra indicators (as does everything) to filter out noise and false signals etc. This is why one should not use any one pattern or indicator to trade with, but rather build a method that contains several complimentary indicators. The DC on the left didn't happen until about 26c, after falling from 64c. By the time the DC gave a 'signal' to bail, one would have been closer to looking for a new entry rather than exiting position, at least when viewed from the ATH. In the case of the upcoming GC(on the right), if you were using it alone to indicate a new entry, it has only delayed the entry (from my first technical target) to buy by 6 or 7weeks (retrace and bounce off 61.8%) from late Nov. Even a conservative entry on the second bounce of the 61.8% in mid Dec was well ahead of the upcoming GC. And this doesn't include the fantastic opportunity that many took advantage of to participate in the CR. Don't get me wrong - a GC is great to see any day of the week, but more a confirmatory pattern than an entry pattern.