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30/11/24
09:10
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Originally posted by Lord Bell:
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Phis .Thank you ...I can add that following my computing of a factor analysis, The "Indicators",The "Overlays" and The "Candlesticks" are all issuing a buy signal. In each of these categories there are over 20 individual factors.. the factors in each area are all different but they are on balance all showing a positive consistency....Overall it appears that we can now say that Pen is "Price Movement Positive".Of course this can change ...but it's a very good start. These are positive findings ..but only on a Daily Analysis...and of course one swallow a summer does not make!!! However a one day Trend on balance with all the factors is a start. We can now say that the underlying factors are moving into a positive space or we have a short time period where the ducks are lined up...let's hope it continues. All the Best to All
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The overlays & candlesticks will mean sweet FA if spot drops next week.