GDX Next Buy signal

[pdp-brugge]

Pascal,

I find the current information on the "GDX Real-Time View" somewhat confusing.
It states that the last close was "Bought Protected" although the current state is "Short Protected".
In the next signal message there are two lines that say the same:
- We will buy when the MF crosses above 0.014%
- We will buy when the MF crosses above Average + 0.014%

I noticed that a few minutes before the close yesterday there was a buy protected target at +/- -0.46%.
This level was reached whitin seconds of the close but the confidence level was very low.
Is the false "last close" message coming from this target that was just hit within seconds of the close?
Was that buy level (- 0.46%) a false one?
Is the GDX RT now still short?

Please advice

[Pascal]

There is indeed a software error in the programming of the logic.
The RT system had one status change yesterday and tried a second status change, which should have been disabled, because the EOD system itself can only have one status change a day.

The GDX model is still short and will turn long if we cross over the 0 level.

If we had closed below the average (and we closed just above it), then the model would have turned long on a move above that average; this is what the RT system tried to do at the EOD, but such a decision should not have happened as we already had one signal change during the day.

We are correcting this so that we start the day in a short mode as should be the case.


Pascal

Pascal,

I find the current information on the "GDX Real-Time View" somewhat confusing.
It states that the last close was "Bought Protected" although the current state is "Short Protected".
In the next signal message there are two lines that say the same:
- We will buy when the MF crosses above 0.014%
- We will buy when the MF crosses above Average + 0.014%

I noticed that a few minutes before the close yesterday there was a buy protected target at +/- -0.46%.
This level was reached whitin seconds of the close but the confidence level was very low.
Is the false "last close" message coming from this target that was just hit within seconds of the close?
Was that buy level (- 0.46%) a false one?
Is the GDX RT now still short?

Please advice