It is my understanding that -0.41 and even -0.40 is bearish for NHNL and -0.39 would be bullish. So if it is -0.39 or greater next weekend Lohill’s weekly report will show NHNL as bullish. You only need to run the report on a day where the signal is about to change, like now. Again, this is a simple but pretty good signal and there are versions that are quicker to access on stockcharts that are similar. There are also two other GTR bear catchers and these signals can be used together. A simple and effective way, with very few signals over the years is to be bearish when all signals are bearish (like now) and then go bullish when all signals are are bullish. Very few signals. There are different ways to combine these signals. Honestly I am just a duffus who has followed Robbie’s work and the work of others over the years.
Inspired, here you go:
1.) Yes, the EMA9 (blue line) being above or below zero indicates the state of the signal. Aside: Mungo in the past discussed using the blue crossing the red line as a shorter term, whippier coincident trading indicator for those inclined to trade more with very short term trades.
2.) On the SMA, yes on the blue above red. On that version I have added a .01 band around the red line for smoothing it, because that signal can whipsaw frequently in a flat/transition period. When the red line is within that band it could be called “Neutral”.
3.) On the 99D, yes - you’re just watching for the last move of the steps. The chart is simply showing whether there has been a new high in the last 99 market days. If there hasn’t been, on day 100 the line will shift down to the highest point of the last 99 days. The bear market rallies this summer were bounces, but not strong enough to create a new high over the last 99 days at the time. Which is why it’s the slowest-reacting/longest-lagging of the 3 bear catchers. Going into a bear market it will not flip to bearish for at least 100 days, but it can flip back to bullish sooner than 100 days if the bear market / correction was not that deep and the market recovers quickly.
Thank you Ironzi…I will check the weekly report as well, thanks.
Thanks a lot Flying Circus…This is very helpful. It is very helpful to gain some understanding of the thought process of the more seasoned investors. Certainly would have prevented the painful losses, but at least I am learning!
Thanks again,
Charlie
Wonder whether there are specific timing signals and how, for highly volatile growth stocks of Nasdaq.
Wonder whether there are specific timing signals and how, for highly volatile growth stocks of Nasdaq.
Would highly suggest checking out Tom Bowley on EarningsBeats.com / stockcharts for THAT kind of timing work.
I think he said the exact opposite, never to use that link as a general purpose timing signal
check out any of these
http://www.datahelper.com/mi/search.phtml?nofool=youBet&mid=28526092
http://www.datahelper.com/mi/search.phtml?nofool=youBet&mid=30083510
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http://www.datahelper.com/mi/search.phtml?nofool=youBet&mid=31279216
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he said it was intended for a very specific purpose just fine tuning the exact day of a but signal that you were going to follow anyway but not useful for anything else
@ellipse
Which part of Jim saying " A very short term SMA crossover on the NH-NL is not a bad very-short-term signal.
Buy on blue-above-red.
Note, this is NOT one of the standard NH-NL tunings…
This also isn’t a good general purpose signal, as it changes all the time
and would give you a million whipsaws.
is the exact opposite of me saying "Mungo in the past discussed using the blue crossing the red line as a shorter term, whippier coincident trading indicator for those inclined to trade more with very short term trades.?
Whatever.
FC