yes, been covered before quite a few times, it's gonna be late
to a sell signal as the slope has to roll over on the MA deluxe and
RSI 14 go below 50%. As I've said, it's much better on buy
signals coming out of deeply oversold conditions and bear markets,
for tops it tends to miss them by 5 - 10% as topping is more of a
process and harder to confirm. If one was in the long
signals for years, it's fine to give up some profits to wait for
that to confirm, but folks here are not in that camp. My suggestion
for a few months has been to use something else this time for a
sell trigger. Or slowly scale out of long term positions over
time, the 401K indicator is like turning a barge or big cruise
ship, it doesn't turn on a dime like a Porsche at these major tops,
now on major bottoms it's more responsive.
anyway I can cover in weekend newsletter, this is not the area
to discuss right now as this is for active intra day setups
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Paint Dry System Still Long?
Posted by bulf6285 on 12th of Jun 2015 at 10:43 am
yes, been covered before quite
Posted by matt on 12th of Jun 2015 at 10:50 am
yes, been covered before quite a few times, it's gonna be late to a sell signal as the slope has to roll over on the MA deluxe and RSI 14 go below 50%. As I've said, it's much better on buy signals coming out of deeply oversold conditions and bear markets, for tops it tends to miss them by 5 - 10% as topping is more of a process and harder to confirm. If one was in the long signals for years, it's fine to give up some profits to wait for that to confirm, but folks here are not in that camp. My suggestion for a few months has been to use something else this time for a sell trigger. Or slowly scale out of long term positions over time, the 401K indicator is like turning a barge or big cruise ship, it doesn't turn on a dime like a Porsche at these major tops, now on major bottoms it's more responsive.
anyway I can cover in weekend newsletter, this is not the area to discuss right now as this is for active intra day setups