Why do we follow somewhat obscure indicators and ratios in the newsletter (and sometimes here on the blog)? Why, because we want to put risk management front and center above greed at all times. That's why.
A theme running through recent NFTRH has been that just because I sat there watching a bottoming pattern in the GSR in 2010 that was blown to bits by Fed QE policy, it does not mean I will not do the same thing this time. I have watched it like a moth to light every week until resumed uptrend or failure.
The GSR has had a bullish looking 'Flag' for weeks now that bearishly diverged the markets and I continue to pay it respect.
http://www.biiwii.blogspot.com
http://www.biiwii.com
A theme running through recent NFTRH has been that just because I sat there watching a bottoming pattern in the GSR in 2010 that was blown to bits by Fed QE policy, it does not mean I will not do the same thing this time. I have watched it like a moth to light every week until resumed uptrend or failure.
The GSR has had a bullish looking 'Flag' for weeks now that bearishly diverged the markets and I continue to pay it respect.
http://www.biiwii.blogspot.com
http://www.biiwii.com
Gary, do you put much stock into cups formed on a ratio chart? Technically, I could see a gap-fill/handle form here..
ReplyDeleteTough call on the ratio charts SG. That is why I simply called it a bullish looking flag, which refused to break down. This bearishly diverged the broad stock rally. I try to KISS whenever possible.
ReplyDelete