Today the BPGDM closed unchanged at 40%. Tomorrow if the
BPGDM closes unchanged, it will cross over the 8 day MA! The
only way it won't happen is if GDX were to fall hard on Tuesday to
cause the BPGDM to close down, the probability of which seems low
to me. Therefore more then likely the BPGDM system will go
long tomorrow at the close
Yes, I covered that in the sticky and earlier today. The
only way the BPGDM won't cross over the 8 day MA is if GDX closed
strongly down, which doesn't seem likely. If the BPGDM closes
unchanged, it will cross above the 8 day MA
here's the last 8 data points for BPGDM if today closes at 40%
unchanged:
40, 40, 40, 40, 40, 36.6667, 40, 40, now average that and you
get 39.58
What am I missing? If the BPGDM remains unchanged the 8
SMA will overlap it. Does this qualify as a cross now?
I thought the BPGDM would need to rise in order to cross the 8
SMA.
ascr- you have to
take the average the last 8 days of BPGDM and then calculate the 8
day MA. If the BPGDM stays at 40% today, the 8 day MA will close at
39.58
here's the last 8 data points for BPGDM if today closes at
40%:
40, 40, 40, 40, 40, 36.6667, 40, 40, now average that and you
get 39.58
BPGDM comments FYI
Posted by matt on 1st of Feb 2011 at 01:11 am
Today the BPGDM closed unchanged at 40%. Tomorrow if the BPGDM closes unchanged, it will cross over the 8 day MA! The only way it won't happen is if GDX were to fall hard on Tuesday to cause the BPGDM to close down, the probability of which seems low to me. Therefore more then likely the BPGDM system will go long tomorrow at the close
Do I assume correctly that
Posted by algyros on 1st of Feb 2011 at 01:36 pm
Do I assume correctly that the BPGDM will have a positive cross today? Thanks.
Yes, I covered that in
Posted by matt on 1st of Feb 2011 at 01:46 pm
Yes, I covered that in the sticky and earlier today. The only way the BPGDM won't cross over the 8 day MA is if GDX closed strongly down, which doesn't seem likely. If the BPGDM closes unchanged, it will cross above the 8 day MA
here's the last 8 data points for BPGDM if today closes at 40% unchanged:
40, 40, 40, 40, 40, 36.6667, 40, 40, now average that and you get 39.58
What am I missing? If
Posted by ascr on 1st of Feb 2011 at 09:39 am
What am I missing? If the BPGDM remains unchanged the 8 SMA will overlap it. Does this qualify as a cross now? I thought the BPGDM would need to rise in order to cross the 8 SMA.
ascr- you have to take the
Posted by matt on 1st of Feb 2011 at 09:46 am
ascr- you have to take the average the last 8 days of BPGDM and then calculate the 8 day MA. If the BPGDM stays at 40% today, the 8 day MA will close at 39.58
here's the last 8 data points for BPGDM if today closes at 40%:
40, 40, 40, 40, 40, 36.6667, 40, 40, now average that and you get 39.58
Thanks Matt
Posted by ascr on 1st of Feb 2011 at 09:47 am
Thanks Matt
Matt this most definitely will
Posted by magann14 on 1st of Feb 2011 at 02:53 pm
Matt this most definitely will be a buy signal...correct?
Thank you...just got it. I appreciate
Posted by magann14 on 1st of Feb 2011 at 03:23 pm
Thank you...just got it.
I appreciate the good work!