This thing is flipping more than hamburgers in a McDonald’s restaurant with rat-filled bags-o-buns.
As of Friday, it flipped again, to short.
A quick glance at the history of this indicator with SPY shows that this is fairly unprecedented. I keep thinking it must decide on a direction, soon. Perhaps I’m wrong?
Actually, there was one other instance of this (see the two yellow circles) but it was early in the SPY history, so I’m not sure that it deserves a great deal of significance.
pretty interesting. thx wood
that is one hell of an inflection point back in 95. crazy. good stuff wood.
Thanks. If we could only go back in time….:)
like the bag ‘o buns.
move over McRib here comes McRodent!!
thanks for teh posts Wood.
btw, what platform are you using Amibroker?
lol @ McRodent…
Yep, Amibroker.
Thanks Wood, that is one of the things I have been wondering about. Interesting about your observation of the 94/95 period. I have seen some work out there predicting a flat period in the markets i.e 1970s I wonder if the 2 could be related?
Something is definitely going on. I still say that we see a definitive break of the ROC252, soon.
I think history repeats, so yeah, would not surprise me to see something like the 70s. What will be real interesting is to see if some of the edges of the 70s, like trendfollowing, make a return.