Forum: Collective2 Suggestions, Feedback, Questions
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| Subject: | Overbought to the EXTREME- But Still LONG |
| Posted by: | Don Mead ( C2 Score: 998 ) |
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| When: | 6/20/12 (11:40) | |
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| | The complete article from last night now open to public here:
http://sevensentinels.com/issue/2012/article/june-19-analysis
Excerpts below:
So that's the short term picture, in a word: overbought. BUT even the short term (daily) trend remain UP at this writing despite all of the above. We've seen the top coming since last Thursday night- but we have remained long where we continue to remain precisely because our Hourly Trend Trackers are STLL on buy mode. The line in the top section regarding the short term and the HTT's reads:
Short Term: ~Hourly Trend Trackers~ BUY Mode Overall/ 3 PM 6/5/12 1284/0 of 8 on Sell
This tells us that the Hourly Trend Trackers went to Buy Mode overall at 3 PM on June 5, 2012 at 1284 on SPX and that they remain there. Further it tells us that NONE (0) of the eight hourly Trend Trackers are individually on sell. We will have an overall HTT sell signal ONLY when all eight go to sell. So for now we remain long. |
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What is the C2 Score?
Collective2 rates every trading advisor in its database and assigns a score between 100 and 1000.
In general, a rating above 500 is good. A rating above 700 is excellent.
Collective2 Ratings are recalculated daily based on the entire performance history in our database. The exact formula we use is proprietary, but there are several key variables that go into the Collective2 Rating. One of the most important factors is the length of time we have been able to observe the performance of the trader. Another key factor is the amount by which the trader over-performs or under-performs the S&P 500 index. Finally, the choppiness of the trader's results is taken into account. Certainly a more consistent trader will be rated more highly than a trader with erratic results.
