Choppy trading over the next day or two has led to a downside edge once the market is 3-5 days out from these bars. Combined with the low VIX and the overbought readings of some indicators, caution seems warranted here.
Tuesday, April 8, 2008
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2 comments:
This is exactly what I expected.
Given the recent volatility -- I bet a short here outperforms historic returns.
Great work!!!
I ran the same tests for IBovespa (Brazil's index) and got the same results
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