Product Review: Profit Trader 7.0 by Barbara Star, Ph.D.
Anyone who has used momentum
moving averages to gauge
price turns knows only
too well the uncertainties
caused by false signals, lagging crossovers,
and whipsaws. But what if you
knew that the momentum indicator was
bottoming within the same time frame
that a cycle low was due? And what if
you knew the subsequent buy signal
had a 70% probability of being correct?
Wouldn’t that give you more confidence
to enter the trade? Walter Bressert
thinks it would, and he created
ProfitTrader with that in mind.