10/06/2020 pressure
- Third Pressure (zero point = 2.47): 1.83
- G 100 (zero point = 20): 14.40
This is an example of a post I share with members. However, today it’s available to everyone.
We begin again with more negative readings as the market goes up. Again, the market is going up on light volume and again, I’m sticking with my calculators which suggest negative pressure. It is a risk because the current market seems to be highly news-driven.
However, I have to concede something I already suspected. Predicting the next day when the pressure is negative can sometimes be a 50/50 shot.
However, unless something changes, I think it’s safe to continue to build into a Put position. This is something we will need to review in the coming months. It worked last week. Of course, past performance doesn’t guarantee future success.
If you are concerned. Don’t trade. I wouldn’t play into negative down pressure days. They are the ones that have been wrong the most since I’ve started keeping track.
So, with so much negative pressure that means we could have a 50/50 month. That doesn’t mean we lose money this month. It means we play a little longer game than the next morning calls I’m keeping track of on the front page.
