Of course your best resource to understanding what the Death Cross may or may not mean will be my post made almost 1 year ago to the day (the first link, naturally), but I have also included some other helpful articles on the Death Cross. Beware the financial pundits who are long on Death Cross market lore but short on statistics.
The Death Cross- Statistics and Stuff
Everyone’s Watching for the Upcoming S&P Death Cross
MarketBeat Q&A: Debunking the Death Cross
A History of the Stock Market’s Death Cross
Thanks much wood. I’ve been waiting on your comments on silver & death crossings. Looking forward to more if there is any. (… remembering your posts on the golden cross a while back.)
dumas, something has come up this morning. I’ll run the tests for Silver over the weekend and post. Sorry.
dumas, I can run a test for that tonight, re: silver death cross.
As for the SPX, there is not much more to say as the death cross doesn’t happen often and my post covers all the crosses to date for the SPX. However, it will be interesting to look at other things like commodities and possibly bonds.
Understanding any possible advantage (or maybe not so much) with silver crossings would be awesome. Very cool of you sir. Thanks!
Every time I see them open their keyboard; I remember that…as always, mostly folklore.
Is this going to spark a bitter battle between you and some unnamed tyrant in training?
Wood,
I’m thinking about taking a part of my capital and trying your system, maybe starting the middle of next week or so.
You mentioned earlier that because I’m a member maybe you could get me a longer trial period for starters.
Let me know. Also, does your system work better in some markets than in others?
Hawaii, that should not be a problem to get you a longer trial period. Let me talk to Jeremy and we’ll see if we can get you set up and in over the weekend.
The system works better in volatile markets, but if it is a volatile bear market, it will produce fewer opportunities because it will only buy a stock in an uptrend. In a bear market, there aren’t as many stocks in an uptrend.
OK,
Will wait to hear from someone. However, after today I won’t be available until late next Monday.
Thanks Wood,
I’m inside looking at you system and trying to figure out which model I want to use. Are they ranked from less risk to more? I want to start out cautiously, perhaps you can advise.
Also, what does maximum trade draw down mean? And how do I interpret the risk /reward ratio?
Wood,
I can’t seem to log in to the forum. Help!
Wood,
I can’t seem to post to the forum. Is that because I’m on a trial? Also, your pick for the opening on Tuesday says pending. Does that mean I shouldn’t place a market order on this one for the Tuesday prior to the open before the market actually opens?
Again, living here in Hawaii, I’d have to get up real early to wait for the market to open. But I rather nor place a market order on open if that what pending implies.
Hawaii, probably because you are on a trial membership you can’t access the forum. I’ll check with Jeremy on it.
Pending just means that it was identified as a buy, but the market hasn’t opened yet so it couldn’t actually be bought yet. Once the market is closed for the day, you can place a market order at anytime for the next day, and it will trigger on the open. So between now and Tuesday a.m., you can place a market order to buy the stock, and when the market opens it will be purchased.