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Model update for today's market (7/22)Model update for today's market (7/22)
smallwonder said: "Today's buy model number is -1.2 (was 0.26 yesterday), and the sell model number is 0.85 (was 2.66 yesterday). NO SELL SIGNAL FOR TODAY (a qualified sell signal requires negative sell model number for two consecutive days, and one of them less than -1.2).
Why I only say "NO sell signal for today", but not "No buy signal for today"? Because I assume that every one already bought his/her favorate stocks near the end of April, and now is looking for the right time to sell. After a sell signal from the model, and a market correction, then I will look for a buy signal. If not, I will post "No buy signal for today"."