Posted by mastermind on 12th of Dec 2023 at 11:53 am
Yeah, I get it. Still negative for the indexes. But if you are
targeting stronger sectors and avoiding the weak ones (STS is out
of energy and gold), then you are outperforming. For myself, I keep
some index exposure, but also follow the STS.
yes divergences and all that stuff is just a yellow flashing
sign as a warning, it doesn't mean that the trend ends and that
alone is never a sell signal. I've been riding long
nicely.
another analogy: Your driving your car and on the radio you
hear that there there is a chance for a heavy downpour storm - do
you pull over and stop driving or do you reduce your speed? No, why
would you slow down if that weather hasn't come yet, you keep that
in mind by you continue on our course and if that strom comes and
you need to ajust your driving you do, if it doesn't come you
didn't change your driving or course
the same thing for divergences: you note them, you are aware of
them, maybe you look for a tighter stop, but you stay on your
course because divergences can pass not not cause a pullback.
Divergences are not a sell signal on their own
yes divergences and all that stuff are just a yellow flashing
sign as a warning, it doesn't mean that the trend ends and that
alone is never a sell signal. I've been riding long
nicely.
another analogy: Your driving your car and on the radio you
hear that there there is a chance for a heavy downpour storm - do
you pull over and stop driving or do you reduce your speed? No, why
would you slow down if that weather hasn't come yet, you keep that
in mind by you continue on our course and if that strom comes and
you need to ajust your driving you do, if it doesn't come you
didn't change your driving or course
the same thing for divergences: you note them, you are aware of
them, maybe you look for a tighter stop, but you stay on your
course (the uptrend) because divergences can pass not not cause a
pullback. Divergences are not a sell signal on their own
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Yeah, I get it. Still
Breadth very weak this a.m. Way below even .
Posted by mastermind on 12th of Dec 2023 at 11:53 am
Yeah, I get it. Still negative for the indexes. But if you are targeting stronger sectors and avoiding the weak ones (STS is out of energy and gold), then you are outperforming. For myself, I keep some index exposure, but also follow the STS.
yes divergences and all that
Posted by matt on 12th of Dec 2023 at 12:05 pm
yes divergences and all that stuff is just a yellow flashing sign as a warning, it doesn't mean that the trend ends and that alone is never a sell signal. I've been riding long nicely.
another analogy: Your driving your car and on the radio you hear that there there is a chance for a heavy downpour storm - do you pull over and stop driving or do you reduce your speed? No, why would you slow down if that weather hasn't come yet, you keep that in mind by you continue on our course and if that strom comes and you need to ajust your driving you do, if it doesn't come you didn't change your driving or course
the same thing for divergences: you note them, you are aware of them, maybe you look for a tighter stop, but you stay on your course because divergences can pass not not cause a pullback. Divergences are not a sell signal on their own
yes divergences and all that
Posted by matt on 12th of Dec 2023 at 12:05 pm
yes divergences and all that stuff are just a yellow flashing sign as a warning, it doesn't mean that the trend ends and that alone is never a sell signal. I've been riding long nicely.
another analogy: Your driving your car and on the radio you hear that there there is a chance for a heavy downpour storm - do you pull over and stop driving or do you reduce your speed? No, why would you slow down if that weather hasn't come yet, you keep that in mind by you continue on our course and if that strom comes and you need to ajust your driving you do, if it doesn't come you didn't change your driving or course
the same thing for divergences: you note them, you are aware of them, maybe you look for a tighter stop, but you stay on your course (the uptrend) because divergences can pass not not cause a pullback. Divergences are not a sell signal on their own