On 6/17/24 I said the above in the Saul thread.
Today, when I looked at the SS3-SC charts for CELH and IOT I was stumped for a second. The magical smiley face for CELH was gone! Since the price went below that, SC.com just removed it and acted like it was never there. The point is this…
You cannot show someone a chart and tell them that if they had bought all the low-price-prints and sold all the high-price-prints, that they would be doing fine. That is not true because you cannot know how many price prints were erased from the chart. Therefore you cannot know the success rate you might have had. This is why they look so magically perfect, they remove those that are not perfect! That is why they say don’t use them for trading.
Blue arrow is where it used to have a price label.
If I had bought CELH on the buy signal, (day two at 10am), I would probably be negative now. Again, we don’t know SS3 sell rules that keep him from losing money here, we are left to decide our own.
I suppose tonight, they will put another price-label on and we will wait for another day two.
It is like when you were a kid and found out there was not Santa Claus.
Maybe this is where someone says, “no, dummy, you must use the Barcharts HA smoothing chart to get a more reliable signal, then go back to the StockCharts chart use a secret sauce to confirm you want to buy.”
Am I wrong?
Why has no one been able to articulate this flaw before me?