Ok you capitulated! Great. Now I guarantee the market will go lower the next few days. Just please remain out, as you've indicated with the words "done" and "bye".
I let Surf off the hook with his article, quoted moving averages, history. Maybe its time for surf to come out of the TA closet!
Not going to exploit the moment, but TA is a great tool for timing and overlooking it is a big mistake IMO.
No... but a little flappy thing starts to crossunder and you're really high compared to where you were... SELL SELL SELL...then you go higher and higher and you realize you were wrong...or it's in black and going lower...or you panic before that so you get out...otherwise... then you wait until it goes even higher and finally goes down where that little flappy thing goes from oscillating down to flipping up and guess what? TIME TO BUY BITCH! ... ... ... Repeat until you've made <u>enough money.</u> As a capitalist though, the definition of enough money should never apply to any individual but only to institutions managing risk, like government... this enough is actually infinite and the trading described above will go on ad infinitum until there is satisfaction and the proverbial level of money that satisfies the individual who limits government bureaucracy just so they don't have to worry about losing faith in the value of their efforts and the subsequent rewards they earn to sustain themselves means that scarcity will always exist due to the competition of self-interest and preservation... whoops... I think I just shook the invisible hand while describing my commodity trading in the futures market.
Bowo's back! What's up, quant boy? My algo that uses hourly barz made 25% on SPY since inception, despite all the lag you were worried about. I see you're up, too. Congrats
You have to imagine traditional trend followers have to be doing very well in this environment. Slow constant grind up with low vol.