Dear Giuseppe, There is SPX/100, red line, plotted on the chart and on charts. Do I miss something. The rules for the pressure gages are simple. When the Sell pressure reaches extreme 70 percentile up then wait 1-4 days to catch a short term sell signal and go with it. When the Buy pressure is at extreme then wait for 1-2 days and look for a buy signal. Now we complement these with everyday limits for looking for a the points to go short long and sentiment information is also involved. GOod Trading Dear Giuseppe
4 comments:
Dear Boris, thank you for your tips, but i can't see the relations between buy/sell pressure and market index. Can you plot sp/qqq in a chart above?
Thanks, G.
Dear Giuseppe, There is SPX/100, red line, plotted on the chart and on charts. Do I miss something. The rules for the pressure gages are simple. When the Sell pressure reaches extreme 70 percentile up then wait 1-4 days to catch a short term sell signal and go with it. When the Buy pressure is at extreme then wait for 1-2 days and look for a buy signal. Now we complement these with everyday limits for looking for a the points to go short long and sentiment information is also involved.
GOod Trading Dear Giuseppe
Very interesting dear Boris.
Dear Damien, I am glad you have the food for thought from all of this. So do I, believe me.
GOod Trading
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