Eric,
The "turtle method" is a simple momentum method which has been very successful if you are in enough trades in a partucular market. It attempts to catch the moves by buying above "x" number of days trading activity and selling below "x" days of activity. It is a mechanical system and those who are able to apply it in its fullness have been more successful than not.
It is for those who have no idea which way the market is going. I prefer to be more specific. I give the "turtles" their due, they are clearly successful, but mostly, it needs a breadth of patricipation that most small investors cannot afford.
I finally got around to looking at the gold chart for Richard M. and must revise my projections. Gold could have a couple more up days here to about the $304-5 area and then retest the $2.80 area. Glad I did not misadvise him here.
Richard and I have been at odds before, but I wish not to mislead anyone, and particularly, guys like him.
Nice Guy, Jack!! |
