We have a confirmed ITBM Sell and our Breadth Model gave a Sell.
Here's the thing, though. This Sell is just barely one and so is confirmation. AND it comes after the ITBM went negative, then positive for a couple days, and then just barely went negative last night.
When any indicator (especially those that are easily quantified and put into models) "backs into" a Sell, it's usually a fade. I think that "the Boyz" wait for these opportunities to bag the noobs and the less experienced/skilled modelers and "bot" designers.
Let's see if my read is correct.
ITBM Sell!
#1
Posted 21 November 2019 - 09:29 AM
Mark S Young
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#3
Posted 21 November 2019 - 02:30 PM
#4
Posted 21 November 2019 - 07:20 PM
We have a confirmed ITBM Sell and our Breadth Model gave a Sell.
Here's the thing, though. This Sell is just barely one and so is confirmation. AND it comes after the ITBM went negative, then positive for a couple days, and then just barely went negative last night.
When any indicator (especially those that are easily quantified and put into models) "backs into" a Sell, it's usually a fade. I think that "the Boyz" wait for these opportunities to bag the noobs and the less experienced/skilled modelers and "bot" designers.
Let's see if my read is correct.
clx ******** rolling over