Registered: 1101777014 Posts: 5,158
Reply with quote
Are now up and can be reviewed by clicking
here. BETS -55: Accumulate Shorts with a Bearish Bias. Fib __________________ Dave's LinkedIn Profile Technical Watch Twitter Page Technical Watch Facebook Page "As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan "An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan "What we see depends mainly on what we look for" - John Lubbock "The eye sees only what the mind is ready to comprehend" - Henri Bergson “Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977 "You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977
Registered: 1173157317 Posts: 53
Reply with quote
You may recall approx 18 months ago, during the Fall '18 market selloff, I presented in the chat-room the results of an old study re the 50 & 200 SMAs.
I no longer have that study (I ran it under software I no longer use), but basically I mentioned that historically, during "meaningful" selloffs, when the 200SMA turns down, it's RARE for the market to find a bottom prior to the down-trending 50SMA crossing UNDER the down-trending 200SMA. Simply: It's rare to bottom prior to the death-cross. Obviously big down-moves that cause the 200SMA to turn down, often experience big counter-trend up-moves before the final bottom is formed. Anyway, maybe it's different this time... It's anyone's guess, but historically-speaking, it would be rare to bottom prior to the death-cross. Just some thoughts, but everyone should do their own research and follow their own methods of course. Stay healthy, and trade well!