shouldn't Mayer's Multiple be a bearish signal? the technical definition of a bear market is when price is below it's 200 day MA. and the futher away price is from the 200 day MA the severe the near market is.
price would remain below the 200 day MA in a bear market and Mayer's Multiple will keep flashing a buy signal. to me, that's sounds like catching a falling knife.
Thank You!
shouldn't Mayer's Multiple be a bearish signal? the technical definition of a bear market is when price is below it's 200 day MA. and the futher away price is from the 200 day MA the severe the near market is.
price would remain below the 200 day MA in a bear market and Mayer's Multiple will keep flashing a buy signal. to me, that's sounds like catching a falling knife.