S&P is making new high. I continue to hold my longs. It appears that the indicators work even in face of recent news, although there are too few data points to extrapolate
added to long position yesterday after open when the red indicator dipped below 20. holding all previous longs as well.
Not a bad call to buy any dip when it presents itself. Market continues to go up regardless of news. No news is good, good news is better, and bad news is the best of all
Yes. There might be a small pullback from here, around 30 to 40 points in S&P. I would not completely get out of long positions for such a shallow pull back, but one could consider hedging a bit.
My short signals are a lot less frequent than the long signals. But when they do present themselves, they are usually profitable as well. This means a lot. If short signals are profitable in this extended bull market, it is possible that the long signals will remain profitable in a bear market. In another word, this trading system could be quite robust in all sorts of market conditions. One can certainly hope
This morning the red indicator dropped just below 20 when S&P was around 1840. This would be considered as a buy signal. It needs to be noted that signals were usually profitable in the past does not guarantee they will remain profitable in the future. Nor will they time tops and bottoms perfectly. For example, the buy signal at end of January was about 1 week and 50 points too early from the actual bottom, although eventually the market went up by about 100 points from where the signal was. Let's see if today's signal will hold.
I read your index map, it is very interestedãWhether we can have more discussionsãI study Chinese stock marketï¼I found your figure curves and movements like the Shanghai Composite Indexï¼How to use your method to study the Shanghai Composite Index? You can talk your method ideas?