Posted by frtaylor on 23rd of Dec 2015 at 10:54 pm
Thanks, I did listen to the weekend newsletter. And I definitely
have your confirmation approach for ma crossovers etched in my
mind. I was just curious if the statistical fact of a substantial
move back in the direction of the trend carried any weight for you.
I got the impression from your market analysis that no such move
would occur - i.e. we may get a marginally new higher high but
nothing like a 400-500 point move to the upside from here, which on
a percentage basis is similar to past death/golden cross whipsaws.
Just trying to think about all the possibilities. It's so easy to
become bearish, but we're in the bullish season and wouldn't that
just burn all the bears out there if SPX went to 2,500 by June.
Thanks, I did listen to
Question for Matt, Steve or other technically oriented folks: In ...
Posted by frtaylor on 23rd of Dec 2015 at 10:54 pm
Thanks, I did listen to the weekend newsletter. And I definitely have your confirmation approach for ma crossovers etched in my mind. I was just curious if the statistical fact of a substantial move back in the direction of the trend carried any weight for you. I got the impression from your market analysis that no such move would occur - i.e. we may get a marginally new higher high but nothing like a 400-500 point move to the upside from here, which on a percentage basis is similar to past death/golden cross whipsaws. Just trying to think about all the possibilities. It's so easy to become bearish, but we're in the bullish season and wouldn't that just burn all the bears out there if SPX went to 2,500 by June.
And now, back to Christmas!
Posted by frtaylor on 23rd of Dec 2015 at 10:58 pm
And now, back to Christmas!