this is perfect you can toggle back and fourth and let the future market conditions decide which one is better. like i said though it should not be an online beef thing, both guys contribute a lot for the benefit of all if us.
The two parameters that Jack added are very long-term factors, meaning that they are pretty much constant during the day/week/month. The original MMRI variables change within minutes and are an immediate reflection of the current market.
I started working on an integration of the MMRI in real time and next to it on the same page the vision of the evolution of the S&P 500 against the MMRI over the last ten years. This allows you to have the MMRI view at the current moment and to step back on the MMRI over time compared to the S&P 500 evolution.
If Greg finds this relevant, I'll help him integrate it on traderschoice of course.
Free choice to believe the MMRI or not. As Greg says, it’s a tool to use. The history of the indicator is short so it will take a few years and up’s and down’s to fully gauge. In the mean time keep using the wegee board if it works for you.
Just a reminder. You can find 1000 opinion on the net in five minutes with totally different takes on where the markets are and where they are going. Some of the guys have been wrong for twenty years or more but they keep popping up like perennials! The markets are controlled by forces we can see and don’t know what is happening or going to happen. There are people that can read the tea leaf’s was made pretty well and we can lean on them if we choose. Greg has sipped a lot of tea over the years and can tell plenty by looking at the ingredients. Of course my opinion.
I've started working on a page showing the comparison of the S&P 500 vs. MMRI over time. I might try to add another chart with the S&P 500 vs. MMMRI if that would be of interest to some. I'll see if I can find a source to get the debt and GDP data.
found it https://www.mannarino-market-risk-indicator.com/MMMRI/
this is perfect you can toggle back and fourth and let the future market conditions decide which one is better. like i said though it should not be an online beef thing, both guys contribute a lot for the benefit of all if us.
Great!
I got a new MMMMMMMMMRI indicator. This one is seven times more accurate.
Sounds tasty!
I wish you would publish both. Even if you put a disclaimer.
The two parameters that Jack added are very long-term factors, meaning that they are pretty much constant during the day/week/month. The original MMRI variables change within minutes and are an immediate reflection of the current market.
MMRI works for me don’t fix it if not broken.Know what I mean?
A comparative graph would be interesting just to see how the original and modified MMRI play out.
Good to have your opinion on it. Though it'd be fun to see both on traderschoice. 🍿
I started working on an integration of the MMRI in real time and next to it on the same page the vision of the evolution of the S&P 500 against the MMRI over the last ten years. This allows you to have the MMRI view at the current moment and to step back on the MMRI over time compared to the S&P 500 evolution.
If Greg finds this relevant, I'll help him integrate it on traderschoice of course.
Here is what it looks like now: https://www.bitcoinpriceinwords.com/integration_spxvsmmri.html
MMRI is scaling down so sensitivity is decreasing. MMMRI was a strong piece of work. I would seriously consider making the change.
what if people keep adding a modifier to this indicator? at some point we could have an mmmmmmmmmmmmmmmmmmri :)
Free choice to believe the MMRI or not. As Greg says, it’s a tool to use. The history of the indicator is short so it will take a few years and up’s and down’s to fully gauge. In the mean time keep using the wegee board if it works for you.
Look at this to better gauge the MMRI over time: https://www.bitcoinpriceinwords.com/integration_spxvsmmri.html . A simple attempt to put the two in perspective.
Just a reminder. You can find 1000 opinion on the net in five minutes with totally different takes on where the markets are and where they are going. Some of the guys have been wrong for twenty years or more but they keep popping up like perennials! The markets are controlled by forces we can see and don’t know what is happening or going to happen. There are people that can read the tea leaf’s was made pretty well and we can lean on them if we choose. Greg has sipped a lot of tea over the years and can tell plenty by looking at the ingredients. Of course my opinion.
I prefer the MMRI
KISS: Keep it Simple Stupid
Has been a great indicator to add to my arsenal.
Thank you sir
I enjoyed the MMMRI Video that Jack did. I'd like to monitor his indicator.
I've started working on a page showing the comparison of the S&P 500 vs. MMRI over time. I might try to add another chart with the S&P 500 vs. MMMRI if that would be of interest to some. I'll see if I can find a source to get the debt and GDP data.
Now this is true science, theory, proof, test, repeat. Excellent job Greg. Glad you are NOT Fauci or else Jack would be banned.
Any M over 9 causes constipation so let's just use GM's original one.
I find more day to day and intraday value with the MMRI.
The MMMRI seems like something to check on a weekly basis.
Awesome.