I'm a bit old fashioned in the methods I use when trying to determine market trending, rolls over, and crashes. Not sure if the old 50/200 MA formula is so popular anymore, but saved me from 2008/09 loss.
Here's the XJO. Currently doesn't look anything like the beginning of a bear market , let alone a crash. In fact it look vastly different.
And here's gold, quite the opposite. Looks like the beginning of a potential bear run, and quite different to the beginning of a bull market.
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If the 50MA is above the 200 day MA , and both slope up, I look for long signals. If the 50 ma is below the 200 MA , and both slope down, I look for short entry signals.
Yes yes I hear people saying "you get whipsawed"...but there is still good money to be made with meat close to the bone.
Why fight the trend?
