Congratulations Greg for the new Index, you deserve it! We have the Dow, Russell and various other indexes with the name of the creator, and now it is yours. Let's see when the conventional media will comment about it!
Dough Cassssey has his walker rolled away from him as he raised both hands in his passionate speech on why investors should buy gold and buy it now...
We know gold will keep going down.. What about Doug ? This is his Nth decade of pumping gold. Does he regret instead putting his cash into tech stocks ? Just askin ...
The problem using these rule of thumb algorithms is the trading robots are doing the same thing. So if we humans adopt in a way like a robot would then the x factor that contains fear and other emotions that now becomes priced out of the market.
In other words the stock market moves closer to the AI Borg Market, where fear and greed other human emotions are replaced by machine or quantum logic. So now we need another set of equations to factor in this x factor.
Where does the 1.61 come from?
Must be proprietary & also gets adjustments from time to time
Thanks.
We might have our answers dood !
From what I understand, it's an often-used constant derived from another formula. I don't know what the formula is. I hope that Greg explains it.
It's from the Golden Ratio! Fibonnaci.
sure is
Yes, but I misspelled Fibonacci! 😄
I know there’s some tech savy followers of this blog.
I think it would be genius to see someone code a widget that Greg could put on his website that shows the current MMRI reading.
to get this index, just paste this into trading view as a symbol: TVC:DXY*TVC:TNX/1.61
Thank you!
Congratulations Greg for the new Index, you deserve it! We have the Dow, Russell and various other indexes with the name of the creator, and now it is yours. Let's see when the conventional media will comment about it!
Thanks Greg!
can we use this ratio to determine risk in the Bitcoin market?
I got it (MMRI) to work on trading view too. Thanks Tom, Thanks Greg!
Dough Cassssey has his walker rolled away from him as he raised both hands in his passionate speech on why investors should buy gold and buy it now...
We know gold will keep going down.. What about Doug ? This is his Nth decade of pumping gold. Does he regret instead putting his cash into tech stocks ? Just askin ...
Thank you for all you share with us. You demistify the rhetoric.
Excellent! You did a great job of developing this and adding the Risk Scale to reference the Indicator. My the MMRI prosper and be useful to many! 👍
Many thanks!!
The problem using these rule of thumb algorithms is the trading robots are doing the same thing. So if we humans adopt in a way like a robot would then the x factor that contains fear and other emotions that now becomes priced out of the market.
In other words the stock market moves closer to the AI Borg Market, where fear and greed other human emotions are replaced by machine or quantum logic. So now we need another set of equations to factor in this x factor.