Selling has accelerated and the OB_OS indicator is back below -90
Pascal
Selling has accelerated and the OB_OS indicator is back below -90
Pascal
According to your post of 9:26 PM yesterday, I concluded that the buy signal on the 20DMF was not triggered.
Yet if I look now (7:30 AM) to the 20DMF page it tells me that it is long. This page is calculated based on the data of 16:00 PM.
The IWM Robot page also tells me that he is in buy mode and that the robot will go into in long trade as of the opening today.
I thought that a move up of the OB/OS signal that does not go above the -90% level did not count as a valid buy signal? Am I wrong here?
Is the 20DMF and the IWM Robot buy mode valid?
Please excuse me for asking a novice question again
Is it now the intention that we place a market order at the opening?
Or do we place a limit buy order with a trigger @ 68.74
Billy/Pascal,
the IWM entry point is 1.50 % below yesterday's close, while UWM's is 11,18% below, well below Friday's close. Is that correct?
Pascal,
In your comment you say: "Furthermore, any pull-back will force us into cash again, since we are close to the -90 level which would trigger the fail safe mechanism."
As Adriano says:
If IWM drops by 1.50% and independantly of the intraday move closes down by about this %, won't this trigger the fail safe?
PLEASE DELETE MY QUESTION. I just read Billy's comment and it clears up my question. Thank you
Last edited by Pierre Brodeur; 11-29-2011 at 08:14 AM. Reason: typo
Rather weak MF today.
Pascal