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Model update for today's market (7/29)Model update for today's market (7/29)
smallwonder said: "Today's buy model number is 1.49 (was -1.6 yesterday), and the sell model number is 4.1 (was 0.32 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).
As I predicted yesterday, we got some round number selling (NASDAQ near 2200, Dow near 10700) today. However, the way this correction is developing, and by considering our model response to the the selling, we may get a buy opportunity here soon."