Kudos to MMs

[nitro]

FV, 1136.41. OFV, 1250.41. SPX, 1224.58.

I am going to just post FV and OFV until it makes sense not to. Note they both went much higher as of the close on Friday. Barring very bad news, I would not recommend selling the market here.

 

[arbs-r-us]

Quote from nitro:

FV, 1136.41. OFV, 1250.41. SPX, 1224.58.

I am going to just post FV and OFV until it makes sense not to. Note they both went much higher as of the close on Friday. Barring very bad news, I would not recommend selling the market here.

Not recommend selling yet you are short 3? Units and taking pipe?

 

[nitro]

SPX, 1212.42. FV, 1102.82, OFV, 1204.82 !!!!!!!!!!

Wow!!!!!!!! I still don't say to sell it, but that is the disciplined trade! I can't believe it.

 

[GTS]

Quote from nitro:

SPX, 1212.42. FV, 1102.82, OFV, 1204.82 !!!!!!!!!!

Your indicators appear to be lagging the market rather than predicting it.

 

[arbs-r-us]

Quote from GTS:

Your indicators appear to be lagging the market rather than predicting it.

That's useful when your moving average calculator is broken.

 

[nitro]

SPX, 1203.20. FV, 1097.39. OFV, 1199.39.

 

[nitro]

SPX, 1200.91. FV, 1095.00. OFV, 1197.00.

 

[nitro]

Imo, one should not stay short here . OFV and SPX have converged, and yet the edge is still higher on the daily to maybe one week ish time frame. I have to stay short because I am not trading on the OFV time frame, but on the FV time frame. OFV made a huge turn around move, and I suspect that it has reached a temporary equilibrium here, with most of the risk is from SPX going higher somewhere near 1220.

FWIW, OFV may be a perfectly good day-trading swing system, but I am not ready to go there yet.

 

[nitro]

SPX, 1194.09. FV, 1076.23. OFV, 1160.23.

 

[GTS]

FV up, market goes down, FV down, market goes up.