Wednesday, April 20, 2011

Hold confirmed

4pm:  As expected, we closed near the high of the day (at least TNA did), and the hold signal held into the close... I expect the rally to continue.  If we see a down day tomorrow or early next week, the system will probably buy it and would then be 100% long.

1:16pm: Statistics show that big gap ups that go mostly unfilled should lead to more upside in the near future, especially when the range of the day is small and we finish near the high of the day.  My system agrees and is giving a hold signal right now.  I would like to see us close higher than where we are right now.  Otherwise, the system may give a sell signal.  I will update later.

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