Post #3604 by anchak on the Mechanical Investing board

Investment Strategies / Mechanical Investing

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Here's an article on this from MF's Sean Williams

https://www.msn.com/en-us/money/markets/a-rare-wal...

The signals match the NYBT from Stockcharts I posted before with the 61.5% threshold

I also saw a video/podcast from Tommy Lee from Fundstrat about this on his Market Bottom call ( He's a bit of a permabull)

Again : To me - the question has always been whats the significance of the extra 1.5% ie from an intuitive 60% to 61.5% to weed out the probability of a False-Positive?

That extra bit of thresholding at least helped me personally to trust the efficacy of the indicator better - and know that its not picture perfect - but has a solid premise.

Best

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