Trade Triangles Trump Humans!

The other day I wrote this post about the head and shoulders that had formed on the S+P. Then, Adam, the creator of Market Club, and one of the technical indicators behind this account's success, admitted to a mistake today...

O.K. I got it wrong … but MarketClub’s “Trade Triangles” got it right.

The last three days in equity markets have been extraordinary beyond anyone’s imagination and you have to respect the market.

One of my heroes in the stock market was a gentleman named Bernard Baruch. You basically don’t hear about him anymore, but his teachings about the market are incredibly useful. You may want to read his book, Baruch: My Own Story, which I highly recommend.

One of my favorite sayings that Baruch gets credited for goes like this: “The main purpose of the stock market is to make fools of as many men as possible.” Well that certainly happened to me this week when the head and shoulders formation reversed and the market squeezed all the shorts dry.

I got it wrong, but MarketClub’s “Trade Triangles” had it right. Our “Trade Triangle” technology was basically neutral and on the sideline’s until yesterday when the weekly “Trade Triangle” flashed a buy signal on the stock market.

All the best,

Adam Hewison
President, INO.com
Co-creator, MarketClub

If you have been following the blog, you will know that I always talk about the WEEKLY triangle being more important then the DAILY, when it comes to timing...and the other day I pointed out I was surprised that their was a weekly up triangle issued for the EUR/Dollar when I was also bearish on equities