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Model update for today's market (8/4)


smallwonder said: "Today's buy model number is 2.7 (was 0.74 yesterday), and sell model number is 5.6 (was 3.0 yesterday). NO SELL SIGNAL FOR TODAY (A qualified sell signal requires two consecutive negtive number from the sell model output, and one of them less than -1.2). Look like we will get some correction here. However, this will likely turn into a buying opportunity from the way the model responding to the selling. It may take a few days to a couple of weeks. But it wouldn't last too long or cut it too deep. I will be taking a vacation for a month starting Monday. So I will not be able to update the model output for a while. Hope you all have made money, and good trading always!"

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