I guess sentiment doesn't work either.
All worthless.
https://money.cnn.co...fear-and-greed/
Sentiment
Started by
CLK
, Jul 17 2019 03:14 PM
5 replies to this topic
#2
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Mark S. Young
Posted 17 July 2019 - 04:27 PM
Why do you think that? TSP was 70% Bullish this weekend. NAAIM median exposure was at 95% long. II was at something like 3.12.
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#3
CLK
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Posted 17 July 2019 - 05:44 PM
Why do you think that? TSP was 70% Bullish this weekend. NAAIM median exposure was at 95% long. II was at something like 3.12.
Then the CNN fear/greed indicator is worthless, the rest may be ok.
#4
CLK
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Posted 17 July 2019 - 05:51 PM
For trading, I think TL work is the best, if one can be patient and wait for 2 points to draw the line, then trade the break.
#5
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Mark S. Young
Posted 18 July 2019 - 08:42 AM
CNN is really not good for short-term trading. It's a condition indicator for IT trading, or even LT trading.
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#6
CLK
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Posted 18 July 2019 - 10:42 AM
CNN is really not good for short-term trading. It's a condition indicator for IT trading, or even LT trading.
I think worse case is the 34ma. CNN was around 90 at the May top, I didn't expect this with it at new highs and 55,
I guess you can't use it for short term then.
