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.
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You are welcome - problem
Sentiment Trader
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.