We went out at 71, which is pretty active, but shy of my signal level of 80. I don't think we can cheat a signal out of that.
Mark
T-4 Update
Started by
OEXCHAOS
, Jun 13 2007 08:14 AM
2 replies to this topic
#1
OEXCHAOS
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Mark S. Young
Posted 13 June 2007 - 08:14 AM
Mark S Young
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#2
Russ
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Posted 13 June 2007 - 08:20 AM
Is that number bullish or bearish in your view?
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
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"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
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"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#3
OEXCHAOS
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Mark S. Young
Posted 13 June 2007 - 08:24 AM
If it was a signal, I'd have called it a Buy. Generally, they alternate.
Mark
From the ISA Daily:
"The last signal was on 6/08/07 (this could be a back to back signal, possibly, for instance, a Buy on 6/07 and a Sell on 6/08, or we could simply be looking at a continuation of a Sell on 6/07). Typically we want to see readings above 80 or higher before we look for worthwhile turns. This indicator doesn't catch every top and bottom, but it is a great "Heads up!" indicator."
Mark S Young
Wall Street Sentiment
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