Replies to post #80 on PriceTeam

[ZoZoStockWatch]

Question why not let the market prove some weakness ? What is kicking in the shorting on the computer model. "I'm carefully building short postions here " based on what is there an indicator and here we go taking out 900 on SPX

In edit Taking shorts here may be early.... Don't we want to look for the surer entry...

[ZoZoStockWatch]

Just to clarify this seems like a human emotion observation and don't see what it is based on

[PriceTeam]

2:33 pm. Blow-off top a high probability over the next day or two. Then the retreat into the 10-week low before Wednesday, May 13, may stay above SPX 830.

Ted

[PriceTeam]

That may have been the blowoff. The daily chart of $VLE has been up for 5 consecutive days, and the weekly for 9 consecutive weeks. In addition, the $nya is at the top of the channel.

The daily chart shows the 10-day ma, and again you can see how this illustrates the simple rules presented in post 72. Notice the neat cross and backtest of the 10-day ma on March 11 and 12. This is rare so don't expect to see it this neat more than a couple times a year! The weekly chart (the second one) shows the 10-week ma, and again the signal is plain to see--the nicely curving average right at the cross point, May 23 to 30. Also notice the neat backtest of the 10-week ma.

[ZoZoStockWatch]

Forgot to ask what vehicles are you using to build this short position?