Steve - I generally find good value in these videos from
Ciovacco, but surely a "signal that has flashed only 4 times" had
not triggered enough for us to derive any statistical value.
I agree with that, if you showed that to a statistician he would
laugh at you. Again it's interesting and it does go along
with some big picture charts I posted a year ago, however if the
market is going to go up 5 fold here in the next 5 - 8 years, with
the PE already in the mid 20's on the SPX, what would be it be
then?
again doesn't matter if that plays out out not. What I
love about my KISS system is that if the market goes on this huge
bull run, well it will catch it and keep us in. If the market
instead decides to have a nice bear market along the way, the DVT's
will keep us safe and out of that. And when the market has
these 15 and 20% quick hard corrections the DVT's will help us
avoid those too, and then get us back in when things are
uptrending. That's what's nice about that non curve fit trend
system, it doesn't matter how artificial the market is, how sane or
insane, it will catch the moves and avoid provide exit levels to
avoid the big pitfalls
Ciovacco Weekend Video
Posted by steve on 8th of Aug 2020 at 11:38 am
https://www.ccmmarketmodel.com/short-takes/2020/8/7/stock-signal-flashed-only-four-times-in-70-years
Historical Perspective
Steve - I generally find
Posted by z0ned on 9th of Aug 2020 at 06:55 pm
Steve - I generally find good value in these videos from Ciovacco, but surely a "signal that has flashed only 4 times" had not triggered enough for us to derive any statistical value.
Just a historical perspective...trade what's
Posted by steve on 10th of Aug 2020 at 08:31 am
Just a historical perspective...trade what's in front of you.
I agree with that, if
Posted by matt on 9th of Aug 2020 at 10:15 pm
I agree with that, if you showed that to a statistician he would laugh at you. Again it's interesting and it does go along with some big picture charts I posted a year ago, however if the market is going to go up 5 fold here in the next 5 - 8 years, with the PE already in the mid 20's on the SPX, what would be it be then?
again doesn't matter if that plays out out not. What I love about my KISS system is that if the market goes on this huge bull run, well it will catch it and keep us in. If the market instead decides to have a nice bear market along the way, the DVT's will keep us safe and out of that. And when the market has these 15 and 20% quick hard corrections the DVT's will help us avoid those too, and then get us back in when things are uptrending. That's what's nice about that non curve fit trend system, it doesn't matter how artificial the market is, how sane or insane, it will catch the moves and avoid provide exit levels to avoid the big pitfalls
Yep! Glad we've got that
Posted by z0ned on 9th of Aug 2020 at 10:18 pm
Yep! Glad we've got that in our toolbox.
Thanks for posting
Posted by steverobin on 8th of Aug 2020 at 12:49 pm
Thanks for posting