Tuesday, May 15, 2012

Buy signal confirmed.

The JT System moves back to a 100% long position with a relatively rare unhealthy buy signal. Risk is elevated with this trade as there is no definitive stop loss. The CCI system is holding the long position as well. Good luck to all... feels like we need it.

10 comments:

  1. Just doubled up couple min ago. pretty much all in....need a bouncy.

    ReplyDelete
  2. thx, JT! That alert came in with plenty of time to react before close.. always appreciated!

    ReplyDelete
  3. Good play, J. I'm still building my long... and still room to add more. Mkt is missing the good ole flush, so far. FaceBook IPO is this Friday -- can't see 'em bringin' out that in a down-trending mkt like this. Something's gonna give.

    ReplyDelete
  4. I think you're right...or at least I hope so. I am now long to the point that it's almost uncomfortable.

    ReplyDelete
    Replies
    1. Does it look like either of the models might change signal today?

      Delete
  5. Buy... really? What am I missing?

    ReplyDelete
    Replies
    1. A magic ball I assume.

      Things were looking good this morning...and down we go again lol

      Delete
    2. Greece worries this, Greece worries that...

      Really? Just a stupid excuse...

      I just don't understand why we're long...

      Delete
    3. 1.) Because your systems say so
      2.) Because the risk is to the upside
      3.) Because you've done your homework and know your system and methodology
      4.) Because you are NOT an emotional trader

      ....

      Delete