Mikula Forecasting Company

MarketWarrior: Swing Projector Type #5 Buy Signal

Here is an example of the Swing Projector's Type #5 Buy Signal. In this example we will use the 1 minute chart for Intel Corp. symbol INTC. The Type #5 Buy Signal uses two indicators, the MarketWarrior Swing Projector and the Earth Rotation Angles. On the chart below I am using the automatic version of the Earth Rotation Angle (ERA). I will describe the Type #5 buy signal in the three steps shown below.

1) The first thing we are looking for is to have the price form a bottom on one of the ERA. This is marked on the chart below with the label "Price Bottoms on the ERA".

2) Second, while step 1 is occurring, the Swing Projector must be showing the Warning Pivot Symbol. The Warning Pivot Symbol for a bottom is the red upward triangle with a "B" inside. On the chart below, you can see this setup. The warning symbol tells us the market is ready to make a bottom and the ERA is showing us the confirmation that the market is making a Change In Trend (CIT).

3) The final step is to see the price start to move upward away from the Warning Pivot Symbol. When the price starts to turn up, the buy signal is given and you would look for an opportunity to buy long.



The chart below shows what happened after the Type #5 Buy Signal was given. You can see the 1 minute chart for Intel formed an upward swing.