"Backing Into" a Sell...

On 11/21 I noted that we had a ITBM Sell, but that it "backed into" the signal only marginally and on trivial weakness. I thought it a fade.

"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."

That was 40 some points ago.

http://schrts.co/kTfIqdDA

Still short of our upside targets here...

I know what you mean though.. about "backing into"... sort of like having your trend line broken by time and not price as it moves sideways...

Still short of our upside targets here...

 

I know what you mean though.. about "backing into"... sort of like having your trend line broken by time and not price as it moves sideways...

Very much so. Also, when a well-used Stochastic turns down and crosses the signal line on sideways action.

M

On 11/21 I noted that we had a ITBM Sell, but that it "backed into" the signal only marginally and on trivial weakness. I thought it a fade.

"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."

 

That was 40 some points ago.

 

http://schrts.co/kTfIqdDA

 

 

Be so careful about shorting just yet... the 300-min SP00s hasn't even reached its momentum peak yet... my signal is still long from 3043:

Edited by tsharp, 27 November 2019 - 12:58 PM.

I'm very disinclined to short. We are long from much lower.