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[QUOTE=davidallison@shaw.ca;21413]I guess the action of slowly drifting into this position perhaps might temper one’s enthusiasm for the ‘seriously long’ position. I’m watching for acceleration of Price and Money Flow, to offer a clue.[/QUOTE]
Unfortunately, I agree. Enthusiasm tempered.
I'm still looking at price decline in the GDX from 50.11 with MF at -0.86% to 48.74 with MF at -0.44%. Money has come in, and fairly steadily, and the price has had a couple of big gaps down. For me, a good test of the fundamental approach.
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[QUOTE=Pascal;21419]OK. The RT shorting message is wrong. I'll revert the messages to monitoring the EOD signal and will review the error on the RT Message.
Pascal[/QUOTE]
No worries. Billy's great to post here so we know what the RT is doing. It's easy to ignore the message on screen.
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[QUOTE=DJones;21420]I'm still looking at price decline in the GDX from 50.11 with MF at -0.86% to 48.74 with MF at -0.44%. Money has come in, and fairly steadily, and the price has had a couple of big gaps down. For me, a good test of the fundamental approach.[/QUOTE]
DJones,
For sure. I've been buying calls on NUGT out to Arpril and May, at the same time had some crash protection with puts on GDX that expire Friday. Sure glad I had the protection. I sold the puts this morning and adding the the NUGT calls. Have to see how the day unfolds.
Dave
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Anticipation
If we anticipate that the average MF will be 0.10% lower tomorrow, a buy signal will be at
-0.52 +0.13 = -0.37% and a protective short signal would follow at -0.52 -0.13= -0.65%.
So, if MF stabilizes until the close at or above -0.37% the long signal could be triggered at the open tomorrow, but would need to stay there until the close tomorrow for a long EOD signal.
Billy
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Looks like the EOD robot will switch to long pos too (if no surprise comes in the last 5 min.)
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[QUOTE=Wei;21427]Looks like the EOD robot will switch to long pos too (if no surprise comes in the last 5 min.)[/QUOTE]
The average + porosity limit (-0.29%) was not touched. Very weak MF in the closing minutes. EOD robot stays short.
Billy
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[QUOTE=Billy;21428]The average + porosity limit (-0.29%) was not touched. Very weak MF in the closing minutes. EOD robot stays short.
Billy[/QUOTE]
RT still long, eh?
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[QUOTE=DJones;21429]RT still long, eh?[/QUOTE]
Yes. A RT short signal could only happen after Mf has hit average + porosity if it falls below average MF MINUS porosity. We are in whipsaw territory again and porosity range is here to confirm the signals.
Billy
