Tuesday, January 11, 2011

Short signal issued.

Assuming the market doesn't do anything crazy this afternoon, I'm getting a short signal.   We'll see if it holds into the close.

2:35pm: The afternoon sell-off killed the sell signal.  It's a hold now.  My system is designed to sell into strength while in an uptrending market.  It will not sell into weakness as it assumes weakness leads to higher prices in the future (again, only in an uptrending market).

3:55p:  Coming down to the wire, the system keeps flipping between hold and short... Probably won't know until just before the close.  Will update later.

4:00p:  System flipped back to a "short" 15 seconds before the close.  So, it's official.

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