11:04 am. With the market up over 1%, stating that the bias is positive doesn't really add value, but that is the case anyhow.
Update: 1:15. The bias is very near overbought. Hold.
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adds value to me! It's another clue that indicates right now might not be the best time to short. Maybe not the best time to buy, either, which is what I believe you're saying. But knowing that your signal is giving a positive bias is helpful, considering the relentless move down that stocks have undergone these past few weeks.
ReplyDeleteHaven't looked at it that way. Thank you.
ReplyDeleteMy friend echen at Humblestudent blog has been providing great cycle work on the markets for years. Please see his work at
ReplyDeletehttp://humblestudent777.blogspot.com/
marketcycles79