The Lure Of The Charts For Buy Signals

I am trying to reduce my fascination with share price chart analysis but it is hard when they offer such useful insights. This is a chart of the S&P 500 3x Daily Leveraged ETF and it is apparent that buy signals based on moving averages are helpful.

Although long term investors can do just as well by simply buying whenever and holding, which is what my 'priceless' approach is all about. If it is on the list buy whenever and hold although if you do this with just one stock you may pick a dud, because there are always some.

I have noticed that moving average buy signals using long-term charts where each candle represents 6m trading are similar to Coppock buy signals and they have an excellent track record of success.