In the spirit of keeping things simple, let's see how the Market Club Trade Triangles have fared over the past six months.
I like the Weekly signals for position trading and as the chart above indicates, the S&P 500 is currently on a BUY from a signal on Match 18, 2009 at 780.12. The Monthly BUY didn't kick in until May 4 at about 888, which is a perfect example of why I like the Weekly Triangles with this system.
Note also the SELL in early January at 857, culminating in a 77 point gain with the March BUY.
Below is the same chart, but with Weekly instead of Daily bars.
Based in this week's bar, a Weekly SELL signal will be generated on any print below 880 on the S&P.
Simple, elegant and inexpensive.