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Investment Strategies / Mechanical Investing
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Author: Baltassar ⎊  😊 😞
Number: of 3959 
Subject: Re: Nas NHNL signal
Date: 04/16/2023 5:04 PM
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NHNL is in part a breadth signal, and what it's showing at the moment is that the current recovery is not broad; which is, I believe correct on other evidence as well.

What it portends, well, that's the question, isn't it? It could broaden, or it could fizzle. If I had new money to invest I might wait to see which of those turned out to be true. But the other two canonical bear-catchers are (narrowly) bullish, and we just had a rare Coppock Buy signal, so I don't think I'd be selling anything to raise cash.


Baltassar



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