Posted by marketguy on 13th of Aug 2011 at 07:25 am
folks this type of question has been answered numerous
times....it's very simple:
"if" the SPY is under its long term moving avg (200 MA) the
system will NOT, I repeat NOT, initiate any new longs/buys.....it
will only initiate a short/sell on an oversold bounce while it is
UNDER the long term moving avg....
the only way it was go "long" is if it is
OVERthe 200
MA....
I don't think that is correct. My understanding is that
the system will occasionally take long trades when the overall
trend is down, with SPY under the 200 day MA.
Posted by burkmere on 13th of Aug 2011 at 07:56 pm
yes, you are correct ray alexander...That is what Matt had said
in the past... MG is wrong. I think it is rare that the counter
trend trades occur, but apparently they do.
folks this type of question
SPY Current Trade Exit signal
Posted by marketguy on 13th of Aug 2011 at 07:25 am
folks this type of question has been answered numerous times....it's very simple:
"if" the SPY is under its long term moving avg (200 MA) the system will NOT, I repeat NOT, initiate any new longs/buys.....it will only initiate a short/sell on an oversold bounce while it is UNDER the long term moving avg....
the only way it was go "long" is if it is OVERthe 200 MA....
hope that clears it up....
I don't think that is
Posted by rayalexander123 on 13th of Aug 2011 at 07:31 pm
I don't think that is correct. My understanding is that the system will occasionally take long trades when the overall trend is down, with SPY under the 200 day MA.
Yes..
Posted by burkmere on 13th of Aug 2011 at 07:56 pm
yes, you are correct ray alexander...That is what Matt had said in the past... MG is wrong. I think it is rare that the counter trend trades occur, but apparently they do.
guess I missed that one....
Posted by marketguy on 13th of Aug 2011 at 08:24 pm
guess I missed that one....
Then what did Matt mean
Posted by ascr on 13th of Aug 2011 at 10:38 am
Then what did Matt mean by "startfox - under the new rules, the system would have bought at the close of 8/8 at 112.26."
on 8/8/11 the S&P 500 was not just under the 200 dma, but 3 std deviations under the 200 dma!!!
Posted by rikkwan on 13th of Aug 2011 at 07:27 pm