Wonderful and interesting chart. I wonder though whether, in the chartist's view, "signals" are ever considered in context?
Given market conditions, timing of reports, relative volumes and sp movements, can "signals" be interpreted in isolation? I would think not. If, as I expect, VPG does sink a bit today, the "signal" would be a sell. But it does not take into account the possible self-interest of those who are MAKING the sp go down.
Big pictures will always provide more info than will small ones. I'm trying to resist the technical short term, as a small or even modest drop in the sp would require a "buy" signal to re-enter, by which time the price might have already returned to my exit level. Thoughts? Thanks!
Very best of luck and more importantly, the best of good thinking to all.
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