What I should of do one was follow the system that says short when the S&P failed at the 50 sma.
Instead I thought because it was the last day of the quarter the Money Managers would window dress their portfolios and pick up cheap deals.
But the Bears shot that down.
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30m chart, TBJ calls it a 10day chart. Same thing. SPX, not SPY. No extended hours, not that there would be on SPX. 10 and 50 SMAs with "close" as the input value, not OHLC or one of the other variations you might find on your platform.
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It’s ok. You’re only human. You’re entitled to make an error.
You’re still the Goat of the system.
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i thought you were right to hold the long becasue the 10 sma was curving up and the 50 was also flattening at that time, so i also thought that the 10 would act as support. I think the short should have been when the price fell under the 10, then there were no excuses.
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