Hi Clappy,
RMBS:
Excellent call, my friend.
Your T/A and trading skills are a lot more advanced than you've admitted publicly.
Still believe that it was an overreaction.
Hence, might employ "OPM" shortly.
Volatility plays a major part in my analysis.
..............................................
Selected reversal indicators:
...per McMillan's seminar.
1. VIX--your chart
stockcharts.com[L,A]DAOLYYMY[DD][PD20,2][VC60][IUH14,3,3!LL14!LA12,26,9!UK14]
2. CBOE Equity Put/Call Ratio
...courtesy of lvlamb. Thanks, Louis.
stockcharts.com[L,A]DALLYNMY[DC][PB21!A.4!A.75!D20,2][I]
3. Lawrence McMillan's Oscillator (M):
...proprietary formula based on NYSE A/D stats,
...-146 as of Thursday's close,
...-377 per my calculation as of today's close.
Interpretation Values
"market is overbought M = >200
market is oversold M = <-200
sell signal M falls below 180 after having been overbought
buy signal M rises above -180 after having been oversold"
Good luck, buddy.
/a,
di |
