Indicator turned red.
On Thursday, the indicator dipped briefly below the 75 threshold (74.82 to be exact). It is now above 75 again. The indicator is only “green” when the last ten days have been above the threshold. So it is officially yellow for now.
What should you do? Panic? Sell everything and buy gold and/or bitcoin? Er…no. Just wait to see where it goes.
The indicator has turned yellow. This means…do nothing. Nine more days in the 75+ range will turn green, at which point you should…well, do whatever it is you do when the indicator turns green! I for one consider longer term investments when it turns green.
Before my current circumstances, and before I was a photographer (see above), I used to make music for a living. Specifically, weird-ass techno/electronic music that many people found difficult or annoying. One of the ways I would find sonic inspiration was to use audio software to generate random sounds. I would record this stream of noisy squawkiness, sift through a lot of garbage, and occasionally find a useful gem. I would take these little bits of useful audio and turn them into gritty, weird dance music.
It’s possible to find dedicated software that dives deeply into finding non-obvious, non-linear connections between “features” of price data. For example, we can ask ourselves if today’s high of the price of oil is above its three-day moving average, and the S&P 500’s closing price is below yesterday’s open, will gold go up the next day? Continue reading Randomly Pushing Buttons