MBO Issue 20 (Jul 2013) Special Update

By Lawrence

Special update for premium members – time sensitive information below.

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Comments
  • Minty415 August 19, 2013 at 10:25 pm

    Thanks for the update LC. I know you use your own custom breadth index but I thought this might be of interest to you too. The NYMO also hit -100 reading today and these were some stats: http://gambulator.wordpress.com/2013/08/19/mcclellan-oscillator-is-reaching-oversold-area/

    and: http://gambulator.wordpress.com/2013/08/19/mcclellan-oscillator-100-follow-up/

  • Lawrence Chan August 22, 2013 at 2:06 am

    Ms-OSC is too widely tracked and its historical performance has deteriorated continuously. A crowded trade so to speak.

    The more consistent bias is the one I mentioned in the update where you would have high odds of further drop over the next 2 days which now materialized.

    It is a good example of what matters most may not be in the overall stats situation.

    p.s. you like this watch so much? =P

    • Minty415 August 22, 2013 at 4:16 pm

      Gotcha, thanks.

      It’s a Panerai and I’ve been wanting to buy one. Maybe I should change avatar to the new BMW M4 that’s coming out next year. That way everytime I see it it will remind me to work harder so I can buy things I can’t afford. 🙂

      • Lawrence Chan August 22, 2013 at 7:03 pm

        I know about the watch. There was a phase in my life when I was collecting mechanical watches “uncontrollably”. I no longer go out there to get the latest new models anymore … getting old?! LOL

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