the gravity defying move of 03 was in the august timeframe. this has the same look and feel. even the distance traveled and time in days is pretty similar. i didnt like that one either (ggg).
what i wouldnt do for sideways for a few months after a pullback. those markets are printing presses for me. this maddness will end, and who knows it could have peaked friday, but i dont have much confidence in that.
hey those nickles and dimes are adding up in the right direction and thats really what matters. despite your models bullishness it doesnt even want to bet heavy on this the last week or so( and i cant blame it). seems as if you have been 40% or less for awhile.
I am not sure if you saw this post.Can you give insight into my thoughts on the 10 day Trin moving average as a way to look for a trend change.How well would have someone done if they would have shorted when it went to .9 and went long at 1.2?
Regards
Marc
Steve,
I am not sure but I still think trying to define the trend change and anticipate the trend change can be helpful.I just know trying to call the countertrend day and shorting is not with the rare exception of shorting when we are at or above the upper band for 4 or more days.
One thing I am looking at is going short when the 10 d SMA of the trin reaches .9 and going long when it hits 1.2.BTW we are at .92 now.
Can anyone that knows how to use a spreadsheet( example Warp) run the data?
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