Thursday, November 18, 2010

Sell longs... and short!

Current market status:  Unhealthy
Today's Signal: Sell/Short

It was hard to go short at the close after such a strong move upward.  Then I remembered Rule #20 over at the Kirk Report.  I only opened a smallish short position which I will hold until my system says otherwise.  Next week is statistically bullish (well, Wed and Fri anyways) so I'm hoping to go long around midweek.  We'll see what my model spits out.  Good luck all.

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