seven spentitalls.....>
LOL..... The same reasons over and over why the market "SHOULD" go down.... For me the bottom line is this - It has been 28 days since my last buy signal, and the trend remains up. Hold long positions until we get the VXX buy signal.....
I trade the trend. I trade what is happening not what I think will happen. A VXX buy signal "LOOKS" to be very close now, but I will wait for the signal.
https://stockcharts....749&a=701126433
Totally agree, easier to flip when it turns. The problem with the bulls is when we start talking about rationality in the market they automatically think were bears lol!!
I use to look over data for hours and place bets on the markets next move. Now I just wait for the move even if I get whipsawed. I'm trying to catch the big moves up (weeks) and avoid the big moves down. My data indicates we are within days of a pullback, but I'm not going to buy the VXX until it happens. A simple 10 DMA on a daily chart is good enough for me. I'm retired and the gains are more then I need. (Delta and Gamma indicate the SPX is overbought too) I wait as the trend remains up. However, I agree the SPX/SPY looks very weak, and "LOOKS" like its topping.... I trade what is happening not what I think will happen.... Bottom Line - The trend remains up!
Good Trading!
https://stockcharts....156&a=701161604
Edited by robo, 19 November 2019 - 10:32 AM.
