Wednesday, August 1, 2012

Holding cash.

All systems are producing hold signals today, keeping my Composite system parked in cash. That's quite alright with me. I don't have a single clue what's going to happen tomorrow. See ya then.

11 comments:

  1. It sure is. It was in a triangle on the daily chart and it seems to be breaking out of it to the downside. Futures are down too, and so is gold and bonds. Interesting.

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  2. And J, I'd also be interested in your answer to Lana's question. Since you're the developer of the system, your actual investments would be educational to the rest of us.

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  3. Did I miss something? Which question exactly?

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  4. About whether you invest solely in the Composite System.

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  5. Ah, now I see it. Yes, most of the time. But there are times when I favor one system over the other. I usually mention that when it occurs, but I will try to do better... Right now, I think JTS is going to win. (I think we're going up) But I'm not completely convinced which is why I'm sticking to cash.

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  6. Don't discount the wisdom of CCI (or the Composite). Have you seen the futures this morning?

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  7. Needless to say, things can change.

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  8. True! And now the CCI is (at the very least) going to cover the short position. This means at a minimum the Composite is going 50% long on the close.

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  9. 5-min chart looks like a slippery slope, but I think I'm going to pick up my first lot of TNA here.

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  10. I have been watching like a hawk the 765.05 RUT daily low of 7/24 as the "run from the room screaming signal" and we came oh so close. Have a starting position in TNA now. Wanting to see your call, cause the BIG Jobs # happens before opening tomorrow.

    Thanks for answering my question.

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