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Should we infer that since they are insiders they know something the rest of us mere mortals are unaware of and consequently are more likely to align with a solid reversal or bottom?
Not inferring too much at this stage given the liquidity and relative small size of insider in last week , but given the ratio of insider sells to buys over last 12 months its worth taking note to follow up . Fair to say relatively , insiders are more likely to have insight on whats value in their company compared to ' mere ' mortals , whatever that implies . All im doing here is looking for facts to quantify to make better decisions , i think i do ok . I try to have no biases and i am neither bull or bear , just looking for any swing in either direction to ride with a positive probability ( edge ) .
Given the holiday induced low liquidity last couple of trading days not much to be gleaned from price action , Rally of recent lows now as high as 8.8% so not far to go till i tag my initial target of 10.3% of lows . My short term model still has room for more upside beyond that so will keep a small runner above 10% , willing to buy algo triggered signals on dips above 10% where i will hold daytrades only until my model regime flips bearish . This plan has played out nicely
8 days to tag 10.7% rise from lows . can cash out large part of longs here today for nice profit ( ES AND NQ ). Still holding SPX options that are now in the money with 10 days to expiry . Thats the easy money , now more daytrading buying dips from here . Regime filter still maintaining bullish outlook
SPX range finder which is a work in progress looks solid