It will be stuck for a while, I think I commented on this last
night, the slope of the MA needs to turn up I think and that might
be a while. I think I said last night it would have turned
green had the candle taken out the prior candle highs. Again
we know where were very stretched to the downside and due for a
reversion to mean bounce, so hopefully folks were not holding short
on that, it's a guide and does well but sometimes has trouble
responding to these extreme fast moves in the market - it's a
moving average and so it can be slow to respond
So regarding the BPT MA - actually it's now green, I'm not sure
what the threshold price is, but should we close at or near current
levels it will stay green
btpma deluxe question
Posted by tsurplus on 18th of Dec 2014 at 11:07 am
Matt, what's the likelihood that this will turn back green today? I am using this big bounce to go short spy given that it is red right now.
It will be stuck for
Posted by matt on 18th of Dec 2014 at 11:15 am
It will be stuck for a while, I think I commented on this last night, the slope of the MA needs to turn up I think and that might be a while. I think I said last night it would have turned green had the candle taken out the prior candle highs. Again we know where were very stretched to the downside and due for a reversion to mean bounce, so hopefully folks were not holding short on that, it's a guide and does well but sometimes has trouble responding to these extreme fast moves in the market - it's a moving average and so it can be slow to respond
So regarding the BPT MA
Posted by matt on 18th of Dec 2014 at 12:22 pm
So regarding the BPT MA - actually it's now green, I'm not sure what the threshold price is, but should we close at or near current levels it will stay green
BPT MA
Posted by anatole on 18th of Dec 2014 at 02:54 pm
Matt - appreciate your heads up with regard to the likely signal change. Thanks. Will check before the close.
np, but clearly it's gonna
Posted by matt on 18th of Dec 2014 at 03:38 pm
np, but clearly it's gonna stay green now