Updated Chart
Started by
OEXCHAOS
, Jan 29 2009 08:30 PM
4 replies to this topic
#1
OEXCHAOS
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Mark S. Young
Posted 29 January 2009 - 08:30 PM
My indicators are clearly better than I am...
Mark S Young
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#2
IYB
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Posted 29 January 2009 - 08:45 PM
Mark- your signals are based on ratio of fully invested longs/fully invested shorts, right? TIA, D
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
#3
inamosa
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Posted 29 January 2009 - 09:00 PM
The sell signals are almost always accurate
"Our job is not to predict where the market will go, but to interpret daily price and volume action to ascertain the facts of the current environment and make decisions based on that interpretation."
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months
#4
LongShort168
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#5
OEXCHAOS
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Mark S. Young
Posted 30 January 2009 - 07:23 AM
The sell signals are almost always accurate
So are the Buy's. They just don't have as much punch and tend to be intra-day. I've been aware of that and usually have called the buys correctly (wait for a 5' turn on volume, e.g. or buy at volume support).
I'm pretty sure that's just Bear Market context, however.
Mark
Mark S Young
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