Subject: Re: Have Bear Catchers worked post-discovery?
How did it perform with a scaled approach versus All-in/All-out?
BCC Risk-On Risk-Off
7 100% 0%
6 86% 14%
5 71% 29%
4 57% 43%
3 43% 57%
2 29% 71%
1 14% 86%
0 0% 100%

I think BCC is being misconstrued here as representing a scale.
A value of 0 means all signals negative.
A value of 7 means all signals positive.
But in between there is no scale.
The values 1,2, and 4 each mean that one of the indicators is positive and two are negative.
The values 3,5, and 6 each mean that two of the indicators are positive and one is negative.
So values of 1,2, and 4 are effectively equal, unless you decide to rank the three indicators relative to one another.
The same goes for values of 3,5, and 6.

Elan