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Thursday, August 2, 2012
Keybot the Quant Turns Bearish
Keystone's proprietary algorithm, Keybot the Quant, turns bearish at 11:42 AM EST at SPX 1360. The bears are driving the bus again but stay alert for a whipsaw. More information is found at Keybot's site;
Both as well as proprietary formulas and other tools. Most of the levels for the sectors are arrived at by equation, each one different in different aspects. One easy major item to watch is the NYA 40-week MA cross which uses the 40 SMA on the weekly chart. This is an excellent forecaster of cyclical markets. Reference the Cyclical signals page.
Dough, Q means bankruptcy. With all the stocks, ETF's and indexes to play, this type of garbage is best avoided, but you will have to decide yourself. It will likely make a higher high down the road but the huge gap left behind will likely be filled first (on the daily chart).
Do you use simple moving averages or exponential?
ReplyDeleteBoth as well as proprietary formulas and other tools. Most of the levels for the sectors are arrived at by equation, each one different in different aspects. One easy major item to watch is the NYA 40-week MA cross which uses the 40 SMA on the weekly chart. This is an excellent forecaster of cyclical markets. Reference the Cyclical signals page.
DeleteKs, what do you think about EKDKQ for short term?
ReplyDeleteThanks
Dough
Dough, Q means bankruptcy. With all the stocks, ETF's and indexes to play, this type of garbage is best avoided, but you will have to decide yourself. It will likely make a higher high down the road but the huge gap left behind will likely be filled first (on the daily chart).
ReplyDelete