Frequently I’ll see studies based on different indicators conflict with each other. It’s normal. One tool I use to help me sort through the studies is the Quantifiable Edges Aggregator. It helps to provide a quantified snapshot of all I’m seeing and aids me in setting my market bias.
Having studies based on one indicator conflict with each other is not normal. In this case it’s NYSE Up Issues %. It muddies my interpretation of the given indicator and dilutes its value. It’s very rare but in such cases I simply zero out the studies. When the edge is not clear, I step aside and wait until there is a clear edge.
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Just a quick reminder to those in the Boston area that I'll be giving a presentation on short-term market edges tonight.
2 comments:
Are you planning to come out to LA or San Diego area in the near future?
A trip to west coast sounds great. Alas, I have nothing planned.
Rob
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