Wednesday, October 19, 2011

Buy signal confirmed.

4:15pm: It was indeed, a strong buy signal.


3:46pm: Even though it seems the market wants to roll-over, I am getting another buy signal. The more the market sinks today, the stronger the buy signal. If we see a slight recovery over the last 10 minutes, it will be a weaker signal - but a buy signal nonetheless.

The system will move to 50% TNA with 50% cash reserves.
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3 comments:

  1. JamesOctober 20, 2011 at 9:24 AM

    I am sensing trouble with this long position today. Might be a better entry on today's close.

    ReplyDelete
  2. JamesOctober 20, 2011 at 1:32 PM

    This market is backwards. It's taking the stairs down and the elevator up.

    ReplyDelete
  3. MicheleOctober 20, 2011 at 2:45 PM

    This market is definitely acting odd lately, although I'm starting to see a symmetrical triangle in the Dow. That could be positive in the days to come.

    ReplyDelete

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