$SPX - Chart Link- yes kab34 that 2 RSDI is
oversold. The others are not, which leads the question, do you take
the trades if only 1 of those trigger or is it best to require at
least 2? I can't answer that at this time, one would need to take
the chart and look back 10 and 20 years and mark down the trades to
see.
again eventually the last long trigger will be a loser when the
60 Stochastic finally stops being in that embedded state. One
strategy is to simply take each trade nothing that your final one
will eventually be a whipsaw, you just have to accept you never
know how long the trend or streak will last
Posted by DigiNomad on 2nd of Apr 2024 at 04:19 pm
I don't see too much downside until the Gov credit card gets
downgraded from Amex Black to Chase Sapphire (still a great card,
but it has a credit limit). They are all in on spending
whatever they want to spend on, no matter how much it is. There are
like 6 members of congress that sort of complain, but they still
allowed the debt ceiling to dissapear...and they still get called
traitors and worse for opposing any spending bill that is proposed.
This confluence of no credit limit and willingness to add
unlimited levels of debt has never happened in American history, so
I do think it might be different this time. The bond market
is starting to act like the sober guy at the party and reign in the
spending party, but that goes away when they turn QE on
again.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
SPX 60 stoch momo system
Posted by matt on 2nd of Apr 2024 at 03:50 pm
$SPX - Chart Link- yes kab34 that 2 RSDI is oversold. The others are not, which leads the question, do you take the trades if only 1 of those trigger or is it best to require at least 2? I can't answer that at this time, one would need to take the chart and look back 10 and 20 years and mark down the trades to see.
again eventually the last long trigger will be a loser when the 60 Stochastic finally stops being in that embedded state. One strategy is to simply take each trade nothing that your final one will eventually be a whipsaw, you just have to accept you never know how long the trend or streak will last
I'll see what the night
Posted by kab34 on 2nd of Apr 2024 at 04:10 pm
I'll see what the night action is before I enter a trade.
like I said there's been
Posted by matt on 2nd of Apr 2024 at 04:12 pm
like I said there's been 10 good trades in a row, we'll see how long the streak lasts, eventually it will end
I don't see too much
Posted by DigiNomad on 2nd of Apr 2024 at 04:19 pm
I don't see too much downside until the Gov credit card gets downgraded from Amex Black to Chase Sapphire (still a great card, but it has a credit limit). They are all in on spending whatever they want to spend on, no matter how much it is. There are like 6 members of congress that sort of complain, but they still allowed the debt ceiling to dissapear...and they still get called traitors and worse for opposing any spending bill that is proposed. This confluence of no credit limit and willingness to add unlimited levels of debt has never happened in American history, so I do think it might be different this time. The bond market is starting to act like the sober guy at the party and reign in the spending party, but that goes away when they turn QE on again.