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What the heck !!!!!
While you're still here, J, two things:1. By August of last year the JT system was already up over 51%, so there was some cushion. Unfortunately , that's not the case this year. Do you think that it's possible that the market has changed in a way not accounted for by the system?2. Do you know what the approximate yearly return on investment of the CCI system is?Thanks,Alex
1) Yes it's possible... but more likely my system just can't handle these relatively anomalous moves in either direction. It apparently likes gradual trends and modest choppiness. I'm interested to see how it performs after we find a bottom. 2)This week, sorry for the delay but thanks for the patience! :)
J, today looks like the capitulation I mentioned a few days ago that the mkt was missing. Check out that P/C ratio... and the tick... wow! I added a little more on close, and have orders in to exit some of the higher lots for B/E+1. Gotta do a little digging here. Got more than I like, but still not too much.And I was wrong on the FaceBook effect -- just didn't happen this time.
Wow is right. The coming bounce will not be small, but it better come soon before TNA decays further. http://stockcharts.com/h-sc/ui?s=$CPCE&p=D&yr=1&mn=9&dy=0&id=p08811298018
Sorry, but I am capitulating...I cannot continue to watch my money flush down the toilet...I lost too much on my own...Good Luck
Truly I am sorry to hear that. I know how you feel. My only advice is keep the faith, lower the leverage, and keep on plugging away. We have lost this battle but the war is not over.
The fear was strong yesterday and did move IWM below the 75.65/.46 level. Today, bear trap-same targets for next week..IWM will be trading at or above 79.
Could you explain why you think we're in a bear trap and how you came up with your target for IWM?
In case it doesn't show up here..."Hold signals. Hanging with the long position over the weekend. Enjoy!"
Thanks! We were out and about Friday... I had enough signal for data ingestion and twitter (surprisingly) but blogger wouldn't load.
sitting right at 200sma.
Not quite, I think it's ~1278. Also, RUT H&S breakdown target is down around 721. So we may see a bit more downside, but the upside potential is getting huge.
This is a rather interesting way to pick local bottoms....http://tinyurl.com/cay8sahTwo more of my "capitulation" signal systems fired Friday.Picked up some more longs Friday in A/H at LOD. Getting pretty loaded here.
Hey I'm loaded too. A little bit (or in my case, a lot bit) of red wine does wonders for the soul and mind.