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The other models
Andrei,
I've been ignoring my Elder Force model while I worked on the sector rotation model.
But because you asked, I plugged in yesterday's numbers to see what I came up with...
1) The Yield Ratio model is 100% short, with a reward to risk ratio of 0/20. The reason is that the Fed has been clamping down on the 3month note, from .16 to .03 with no positive response from the market.
2) The Elder Force model is also short, but at short term support:
1329.47 yesterday's close
Short term:
1349.30 high
1339.43 pivot (stop)
1317.55 low
Long term:
1341.32 high (reverse to long)
1255.70 pivot (target)
1170.07 low
So, last night the model was short with a stop at 1339.43.
Incidentally, the author of the model my sector rotation model was adapted from is also giving a short call.
Everything seems to be in agreement with the Robot (which always gives me pause... I don't like it when everything agrees...)
Tim
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