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Home | Finance | Stock Market A cuppa MagicT anyone? No, it's nothing to do with tea (or mushrooms!) It's short for "Magic Trough". There are seventeen market models within my unique TrendSensor Trading System, and MagicT is one of the elite group of seven models I place highest weighting on. It has an uncanny knack of serving up buy signals very early in the strong bounce that usually follows powerful sell-offs that are fueled by fear and panic. In fact, it was designed to identify this exact type of opportunity. In case you're interested in the technical stuff, MagicT combines times series analysis of volatility with a statistical measure of an overly prolonged trend, and simple chart patterns to confirm the reversal back up. Paste the URL below into your browser and you'll be taken to a chart of the DAX Index (Germany) covering 14 years, two bull markets and a bear market. The 16 buy signals are the work of MagicT and you'll see 15 of them are nicely nestled near the bottom of market troughs (low points). www.trendsensor.com/Charts/DAX-LT-MagicT.png The first buy signal in 2002 ain't great, but the other 15 really nail the lows in the DAX, including most of the precipitous slides south. Right now my MagicT system identifies fourteen markets primed to throw a MagicT signal. This is a rare signal, triggering once every year or two for most markets, so that's an impressive array of markets primed to throw a buy signal. Some of these may not fulfill all the signal requirements within the time frame allowed, but there are ten markets that are very likely to trigger MagicT buy signals within the next week or two. These ten markets are evenly split between Europe and USA: * Europe: ATX (Austria), BFX (Belgium), CAC40 (France), DAX (Germany) and FTSE100 (UK). * USA: BIX (S&P Banking Sector Index), HGX (Philadelphia Housing Sector Index), NYA (NY Composite), SPX (S&P 500) and SXX (Philadelphia Semiconductor Sector). Yes, the last really attractive buying opportunity for a long time is about to unfold in the US markets. I'm a bit peeved that my systems didn't throw a short signal leading into the recent decline - but after this next push higher they may get a second chance. But right now, I know I'm going to get a few buy signals in the not-too-distant future, so this is a heads-up for my trading signal clients - and an invitation to catch those signals via my free 5 week trial offer for others reading this. Article Source: http://www.articlewheel.com
Murray Nickel is a mathematician, statistician, and professional trend trader. He offers a free trial of trading signals for market indices and index ETFs, spot Forex, and spot Gold. He also mentors trend traders aiming to excel at trading global markets.
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