Mark S. Young
Posted 31 May 2018 - 02:41 PM
I expected weakness, but I suspected that they'd bring it back late in the day. So far, so good.
From the morning letter: "This morning, we have a Fully Long/Fully Short Sell. When paired with an Options Oscillator Sell, those signals tend to play out, nearly immediately. I have to say that the weight of the evidence is for near-term weakness. I'm not particularly Bearish, but a pullback--even though it might be intra-day-- seems likely."
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Mark S Young
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Posted 31 May 2018 - 05:04 PM
Wasn't the Fully Long/Fully Short Sell 4/2? Doesn't that mean a Buy?
Mark S. Young
Posted 31 May 2018 - 05:52 PM
Wasn't the Fully Long/Fully Short Sell 4/2? Doesn't that mean a Buy?
Nope. 4/1 is a Buy. 4/2 is a Sell (and all the way up to just shy of 4/1).
Mark S Young
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Mark S. Young
Posted 31 May 2018 - 10:02 PM
My thinking is that like everyone in this game, when we get leaning a bit too much in one direction, it's likely a fade. BUT, we're pretty competent, and when almost all of us see something compelling, well, shoot, it's compelling!
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Mark S Young
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