2 thoughts on “3rd day of $QQQ short term up-trend; $SPY back to daily RWB”
Without intending to be snarky here — seems worth pointing out that the start of the “QQQ short term downtrend” perfectly nailed the short term bottom and would have been a nice buy signal. So again the entry on the uptrend was above the exit on the downtrend. In the context of a longer term trend, these short term signals do not seem very effective, if you want to use them as exit/entry signals. And again I’ll point out the problem with the GMMA averages: if you want to use them for exit/entry you are most likely going to be selling low, buying high
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While no indicator is perfect, the facts do not support your hypothesis. The GMI has kept me out of bad markets and in good markets for a long time.
Without intending to be snarky here — seems worth pointing out that the start of the “QQQ short term downtrend” perfectly nailed the short term bottom and would have been a nice buy signal. So again the entry on the uptrend was above the exit on the downtrend. In the context of a longer term trend, these short term signals do not seem very effective, if you want to use them as exit/entry signals. And again I’ll point out the problem with the GMMA averages: if you want to use them for exit/entry you are most likely going to be selling low, buying high
While no indicator is perfect, the facts do not support your hypothesis. The GMI has kept me out of bad markets and in good markets for a long time.