Based upon the laws of mathematics, of the sublime nature, the market is not going to bounce until we hit certain levels. I will reveal to you what is seen on a daily basis inside of the hallowed grounds of The PPT, as a gesture of kindness.
As you can see, the algo marked the top of the range and hasn’t flagged OVERSOLD (OS) yet.
There are levels of OS we are prepared to buy. I am eying the 6 month OVERSOLD range as a possible buy point for the rest of my cash.
As you can see, this level has not failed dip buyers at all, over the past 6 months. After that, I will fall back on the 12 month and 36 month algos, all sublime in nature, touting accuracy stats greater than 76% with a much larger data set.
If you’re wondering why I haven’t adhered to my own computer brain by going to cash when the algo said we were OB, the answer is simple: gluttony.
Punishment for my crime is loss of time. Making back the money is the easy part for me. I do this, quite successfully, for a living. I’ve never been faced with a problem that couldn’t be solved. It’s the puzzle that keeps me interested. However, it’s the loss of time that I lament the most.
Until then, SHOMP on.