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IWM Robot: NEUTRAL?
Just a quick note to precise that the robot will mechanically enter a new short position today if the 85.13 entry limit is hit during market hours.
That's because the robot is programmed to blindly follow even the slightest edge when the 20 DMF is back in neutral mode.
This may turn out to be an excellent trade, but, for full disclosure,both Pascal and I agree that we ( most probably) won't enter the new short trade today for our own accounts.
The very thin edge left on the short side could easily be wiped out today with another strong money flow day.
In such a case, the robot might be looking for an optimal long entry as early as tomorrow and probably on some dip or pullback. I believe it was fair to let you know of such a whipsaw risk.
Billy
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