DD,
When I say "backed into" a signal, I mean that a "sell" cross-over was generated with essentially sideways trading. Price should confirm the "reversal" of "momentum." If it doesn't, chances are, it's a fade--perfect for bagging amateurs who are trading indicators that they don't yet understand..
Good call, Mark.
Intraday-day breadth on SPX was good today also. Very clear signals.
May I ask a question, if the information is not proprietary?
How does 'backing' into a momentum sell, look as opposed to - well, the other?
Thanks in advance.
On another site I stated that I have a trading range in the books for a while, till a clear signal is given. But clearly, there's a alight upward bias so far.
Best regards to you and the board.
~D
I assume by crossover you speak of MACD. Sort of like today.
Interesting. Sort of like today.
I assume by crossover you're utilizing MACD, something like that.
I remember when I first started trading you spoke of the first MACD down signal down being a good fade. I never forgot that.
Best regards,
~D
