A lot of investors rely on intuition to estimate the odds of the market going up or down, and this influences their trading decisions. The Dow Jones Industrials has been going up five years in a row, so now we are overdue for a down year, isn’t it? There hasn’t been a 10% correction for… Continue reading The intuition trap
Tag: S&P 500
Key reversal levels for week of February 24, 2014
Key reversal levels for next week: Weekly Current Mode Key (W) MoM (W) Weeks % Ch. Nasdaq 4,263.41 3,903.20 6.03 59 38.01 S&P 500 1,836.25 1,766.65 2.27 64 29.65 Nikkei 14,865.67 15,239.04 -1.45 2 1.49 FTSE 100 6,838.10 6,554.90 0.42 0 0.00 DAX 9,656.95 9,056.11 3.64 32 17.23 Bonds (TLT) 106.67 104.84 2.86 4 -0.51… Continue reading Key reversal levels for week of February 24, 2014
Key reversal levels for week of February 17, 2014
Key reversal levels for next week: Weekly Current Mode Key (W) MoM (W) Weeks % Ch. Nasdaq 4,244.02 3,887.92 5.84 58 37.38 S&P 500 1,838.63 1,762.35 2.22 63 29.82 Nikkei 14,313.03 15,278.16 -0.10 1 -2.29 FTSE 100 6,663.60 6,694.57 0.18 2 2.35 DAX 9,662.40 9,029.39 3.71 31 17.29 Bonds (TLT) 106.58 104.74 2.49 3 -0.60… Continue reading Key reversal levels for week of February 17, 2014
Key reversal levels for February 12
Latest daily key reversal levels: (Legend: Mode : green = bullish, pale green = weak bullish – may have peaked, red = bearish, pink = mildly bearish – may have bottomed | Key: key reversal level | W: weekly mode | for more details about these key levels, see: https://lunatictrader.wordpress.com/key-reversal-levels/ ) Comments: * S&P 500,… Continue reading Key reversal levels for February 12
The 60% rule
As an investor it is quite important to realize how reliable our methods or indicators are. If we don’t know the limitations of our tools, then how are we going to use them well? Some readers may be surprised to know that I have never more than 60% confidence in any of my methods, cycles,… Continue reading The 60% rule
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