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The MEJT System: A New Tool for Day Trading the S 500 Index by Jeffrey Tennant

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3. The Am+3 Buy Signal

Before getting into this chapter, I should explain why I am writing about the am+3 buy signal at all.

When I began my medical practice one of the first things I did was to buy all the surgical instruments I thought I would ever need. There were a few tools I used on practically every case, and there were others I knew I would only use once in a blue, blue moon. But even though I hardly ever took these rarely-used tools out of the case, I knew that having them around made me better prepared to deal with an unusual situation.

It is for this same reason that I am writing about the am+3 buy signal. This signal is one of those rare birds that can go a year or more between appearances, but when it occurs it is reliable ...

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