Posted by sonofrebel on 12th of Feb 2020 at 08:45 am
You are welcome - problem with ST, and I have thoroughly tested
it with their backtrader, is that it is very hard to find
predictive value in downward forecasts as the market goes up 70%+
of the time. What you cannot distinguish are mild pullbacks
and real doozies - best rule I have seen came from Ian Woodward,
sadly deceased now, that once a drawdown exceeds 8% off the highs,
the market can go anywhere - up to that point, the odds are in your
favor to buy the dip.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
but not by much and
Sentiment Trader
Posted by sonofrebel on 12th of Feb 2020 at 08:40 am
but not by much and not often :) They don't post this bit on twitter...
Thanks for sharing the table
Posted by steve on 12th of Feb 2020 at 08:41 am
Thanks for sharing the table sonofrebel
You are welcome - problem
Posted by sonofrebel on 12th of Feb 2020 at 08:45 am
You are welcome - problem with ST, and I have thoroughly tested it with their backtrader, is that it is very hard to find predictive value in downward forecasts as the market goes up 70%+ of the time. What you cannot distinguish are mild pullbacks and real doozies - best rule I have seen came from Ian Woodward, sadly deceased now, that once a drawdown exceeds 8% off the highs, the market can go anywhere - up to that point, the odds are in your favor to buy the dip.