tag:blogger.com,1999:blog-34323687.post5130743915443261688..comments2024-03-28T12:22:11.704+00:00Comments on Macro Man: A key day reversal from the all-time high: how worried should you be?Macro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-34323687.post-67161884260887026692014-06-26T07:57:57.560+01:002014-06-26T07:57:57.560+01:00Shrugs, JBTFD!Shrugs, JBTFD!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-66115842164899627732014-06-25T18:14:15.352+01:002014-06-25T18:14:15.352+01:00because sovereign funds and all are so great at ti...because sovereign funds and all are so great at timing markets aren't theyNicohttps://www.blogger.com/profile/06532015745155347229noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-39861429094399622512014-06-25T17:07:27.945+01:002014-06-25T17:07:27.945+01:00I don't think the buyers are price sensitive a...I don't think the buyers are price sensitive at all - giant asset allocations into equities (like the Norway SWF increase announced recently) dont care about reversal days or bad news. It'll keep going until they stop buying. If you had to allocate a $trillion into global equities, it would take you a while.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-69715260495498089412014-06-25T13:44:29.497+01:002014-06-25T13:44:29.497+01:00That was a great post. Thanks, MM!That was a great post. Thanks, MM!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-36383656653921018722014-06-25T13:11:33.701+01:002014-06-25T13:11:33.701+01:00if you are looking for a longer data set try Yahoo...if you are looking for a longer data set try Yahoo finance<br /><br />Energy stocks finally came off ;-)<br /><br />Key reversal days do have some power but that doesnt mean they are infallible. Trading rules must be built around them<br /><br />But nice work MM, I have sold many reversal days before, too bad I hadnt read this a few years ago ;-)abee crombiehttps://www.blogger.com/profile/13320039155613443039noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-64101914378193758642014-06-25T11:26:48.653+01:002014-06-25T11:26:48.653+01:00Check out the skew/vix spike last Friday - I belie...Check out the skew/vix spike last Friday - I believe it has a better track record in terms of signalling topsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-8897402913532338052014-06-25T07:58:06.302+01:002014-06-25T07:58:06.302+01:00interesting analysis, pay attention to sampling er...interesting analysis, pay attention to sampling error when you move from 268 observations to 23. gut feeling is that if you run a T-test on the means, you may not be able to reject the null hypothesis.<br /><br />On a broader scale, these results remind me of the "bottom fishing strategy" described by Tushar Chande on SPX in late 90s <br /><br />(buy on a channel breakout sell day)<br /><br />As long as the major trend is up, even the sell signals are good buys...<br /><br />Italia is out, now Viva Colombia!<br /><br />ciao fAnonymousnoreply@blogger.com