and mentioned that I take a look at BCSI. That was one of my first recommendations using the rolling index. For the past few days, it has only picked up stocks on the down side because, though stocks like BCSI have popped, the momentum is still weak. It is not a momentum picking indicator but a trend following one.
I would love to get 16 pnt pops but I would rather hit singles and doubles than hit a few home runs and strike out a lot. I guess what I'm saying is that I like OBP - On Base Percentage and whatever way can get it.
It is a transitory time in the market and volatile. So I still maintain it is better to be committed to the trend than a quick buck here and there. And if the trend changes, we will be ready.
That is the theory behind my index.
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