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MarketTrak Question/Comment Message |
Posted By: joe Date: Wed Apr 1, 2009 |
Title: 2 questions |
Message: |
Response: I made the assumption that we would go long tonight because the ANO was very high. I wouldn't expect it to drop the distance required to go into the cash or short regions in a single day. I agree the market is overbought but this doesn't mean that it will immediately correct. The model seems to ignore short-term overbought conditions for this reason. The model has taken into account longer-term overbought/oversold conditions in the past. |