Friday, February 20, 2015

VDX Reverse View...02.20.15

OP EX Friday's tend to close poorly with subsequent buying on the following Monday and/or Tuesday.  Just something to keep in mind in considering today's dynamics.
Meanwhile I've been running some studies using the VDX (last 2 days posts) and I think a contrarian view of Ponzo concept may have some merit.  Ponzo tactic is to buy high and sell higher.  My thinking is buy low and sell higher and I've reformatted the VDX algorithms and charts according. I'll post some more VDX updates this weekend but for now this technical overlay appears to do a good job detecting buying (and selling) opportunities.