Thursday, March 18, 2010

New TTS Signal: Sell

Well, my technical trend system (TTS) triggered a "sell" signal yesterday. The only problem - and it's a pretty big problem - is that the system never triggered a buy signal. grrrr

At any rate, the downside risk is now higher than the upside potential. So, if by chance you have any money outside the G fund, now may be a good time to get it back to safety.

The last time we hit the upper BB to trigger a sell, the market peaked 3 days later, and tanked hard 10 days later.

The spread between the 13 ma and the 34 ema is getting overextended as well indicating a pullpack is likely. Although that should be obvious as SPY has had 14 green candles in a row!!!!

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