If you must. But after nearly 500 pages I'm going to stick with the predictable outcomes: Mav = right > Mav = wrong.
I have been looking at various ETF's for longer term positions in retirement accounts. Fisher talks about the "domicile market". So if I'm looking at GLD, I should also note what is going on with gold futures. Question - would it be better to base my OR's and A/C values on the underlying asset of the ETF, or the ETF itself? I'm thinking watch them both independently and when they both confirm, make my move....
Does this hold true with most ETF's in your opinio?. I imagine it would. I will still watch both just in case some odd event happens.
They could not break 98 level during euro close. long 98.12. had to wait for 2 hours to get some ticks. Out mostly 98.80.
Spent the last week creating my spreadsheets with OR times and A/C values. Also got a failed A down, almost to the tick. Yeah, that's the sound of lightbulbs again
"Never look for a narrative to get long or short. Look at price action. Price action was decent today all things considered. I think the monthly A down is a possible target but that is not much downside. Far more upside here for risk assets, particularly in oil. If I were going to get short, it would be via a spread, not short SPY. One of the spreads I highlighted was the long SPY/XLF spread. There are countless others. Look for the edge king!" this was the quote I was looking for the other day regarding spreads carry on.