Wow, just updated my number lines. What a disaster. These 5 day rolling number lines adjusted really fast. Some huge drops today.
Maverick, When you reference a "5 day rolling number line", do you mean you are simply dropping the 6th day back and adding today's number on a continuous basis? What is the advantage of that vs. a 30 day or a monthly reset number line? Thanks for all your help here.
This just in, its being reported that Jeremy Lin was responsible for the aapl selloff, he was seen "selling size" on his iphone between shootarounds. Mr Lin could not be reached for comment. Chuck Norris is aware of the situation and is said to be planning a "counter strategy".
Correct. I wasn't using the rolling 30 day that Mark uses. I use a simple monthly number line that re-sets at the start of a new month. So it basically goes 20 days. The 5 day rolling is great because it really draws out the strength or weakness in the market and if you are a spreader, the number line is invaluable. Honestly, I've said this before and I'll say it again. The number line is truly the most effective part of ACD. No matter how you use it, whether it be rolling or set or 5 day or 30 day. It truly provides a point of view that is NOT visible on a daily chart.
I totally agree, these 5 day number lines have been very useful since I started using them. FCX is one example of this, if you wanted to be short this market virtually anything spread against FCX would've been a great way to play that bias. The numberline has been screaming weakness in FCX for a while.