Wednesday, February 23, 2011

Buy #2 confirmed.

A 2nd buy signal was issued today.  I increased my long position... and the system's average price is now lowered to 77.90 for the sake of performance stats.  One glaring negative is that the market's extreme weakness the past 2 days has forced my model into "unhealthy" mode, and when that happens, it's almost never a good thing. There is an 88% chance of a lower close within the next week.  So, only a 12% chance today was the short term bottom.  At this point, I'm cautiously long but will be using any bounce we get to exit to safety.

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