Seems to me, there was another turning point in the markets since the start of the year. This seems to mark another big shift since last August. Now, the daily ranges are a lot smaller, the VIX has fallen below 20, and we are in a bull market. Sure enough one of my algorithms that performed well last year is faltering, and another one suited to bull markets is on an upswing. Anyone else seeing this?
Market changed Jan 1, 2012
- Thread starter ssrrkk
- Start date
Yes. There are also many more bear flags on the intraday (5 min and 60 min) charts...
You should be long biased since right after Thanksgiving in my opinion Jan 1 is a bit late to the table.
If you're a long biased position trader, here's hoping that this action continues with a slow methodical grind up.
If it really explodes to the upside and we get some crazy 4-5% daily moves up then I would be worried as too many knuckleheads will have figured it out.
If you're a long biased position trader, here's hoping that this action continues with a slow methodical grind up.
If it really explodes to the upside and we get some crazy 4-5% daily moves up then I would be worried as too many knuckleheads will have figured it out.
