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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: sixty2nds who wrote (8733)	9/10/2024 10:11:07 PM
From: Sun Tzu	Read Replies (2) \| Respond to of 10515

In a very lose way, yes. The algo does look at the correlation between various factors and the stock you present it with. But it also looks at the money flow into and out of the stock and its support and resistance. Generally speaking, if something is in a favored sector and falling, then you want to buy it near a support level and set a stop just below the support. The opposite is true if you want to short it it. Here's you UROY put through the algo. Of the 5 trades it would have made, 3 were strongly on the money. 1 was mostly right but needed some agility. And 1 was simply wrong and would have lost you money (but that is what stoplosses are for). Importantly, when it was right, it made more money than it would lose when it was wrong. . And here's the take on UROY weekly. I've often said that commodities should be read on weekly charts and you can see the algo being more accurate here. To my way of reading it, you may be early and should put a stoploss at 1.82 (at the lowest).