Tuesday, March 6, 2012

Buy #3.

It's a rare third buy signal today, although obviously it doesn't mean all that much since the system is all-in already. Should a follower of the system find themselves not 100% invested to the long side, today might be a good day to align with the system. (Keep in mind the disclaimer that I am not licensed to give any financial advice, whatsoever.)

The stop loss was not hit, so the model remains in healthy mode. Obviously this could change tomorrow, or who knows - even in the next 10 mins...

My CCI rules are producing a buy signal today. 90% chance of a profitable trade if you hold until SPY's CCI(14) indicator closes above 0.

Take care and hang in there... Better things to come.