The technical composite inched closer to an all-out buy signal today, climbing to +31. +32 and preferably +33 are the levels that override other analytical approaches, but I'll take +31 to go long.
Steve, When was the last time this metric hit +31/+32? What sort of gain over what sort of time frame was produced? Thanks, Charles ps I am up almost 60% ytd.
You're really hitting the ball! The signals at +31 have been good. Waiting for +33 is even better as far as timing the exact day of the bottom. Minimum move 7%+. No misses over 30 years.
Steve,
ReplyDeleteWhen was the last time this metric hit +31/+32? What sort of gain over what sort of time frame was produced?
Thanks,
Charles
ps I am up almost 60% ytd.
You're really hitting the ball!
ReplyDeleteThe signals at +31 have been good. Waiting for +33 is even better as far as timing the exact day of the bottom. Minimum move 7%+. No misses over 30 years.