You are right, of course. The biggest problem with my sentiment gauges is that they could never tell you how much of the reversal you are in to. Today it signified correctly a pull back at around 12:25 pm (see the time stamp on my post). The problem, of course, was that this pull back was insignificant. Yesterday the pull back was much bigger and it set out a perception of my gauges being right on where in fact the accuracy is still the same, its just the trading style has to adopt to different sizes of reversals. Right now they turned "RED" again and you'll see a pull back, but the size of it is unknown. I personally use trailing stops and protective stops to capture those reversals more precisely. I hope it explains a bit.
I appreciate the answer. I too use a series of sentiment indicators to make short term trades. Thus was my interest in your answer. Best, Dr.Z
Thank You - Let me know if you want me to take that fund manager position of yours in the Bahama's you where talking about ....
As you can see the reversal call was right again except it did not take us too far So, in terms of timing my sentiment gauges are usually correct, but in terms of magnitude they still need to be improved. Cheers.
good job Samson... so, from what I have read just on this thread you now have too great YM trades with signifcant point gains... ... props on being flexible ! Ok... catch you later... I'm going to do some stretching now Ice
Well that sure seems like worthy research project. I've been doing this sort of stuff for a long time, 16 years. I Well know how difficult true research breakthroughs can be. Best of Luck
well I expect EBAY to be up 80% by Fall (nothing like hyperbole for a trading forum... eh?). But I do "expect" the gap to fill by then. Expect? Is that like predicting the future. ICe