4pm: Official signal is a 2nd short signal... by an eyelash. It's usually never that close. I'll be adding more shorts in the morning. Hopefully I get a little gap up to get a better price. (Of course, I'd be happier with a huge gap and go downward!) For tracking system stats, I'll just use today's closing price.
3:55pm: Still too close to call between a hold and a short signal. Since it has little bearing right now, I'll just post the official signal after the close. If it's a second short signal, I'll just enter the trade in the morning.
1:47pm: The system is flipping between short and hold. I'm guessing it will settle on a hold signal sometime soon, but I'll update in a bit either way. .
10:42am: It's early of course, but I'm getting a second short signal. This would push the system "all-in" short. (See the very bottom of this page for how I account for this when calculating my stats on the left side of the page.) In a nutshell, the first new signal initiates with a 50% position. This leaves 50% in cash. If a second signal appears of the same sign, such as today, it will throw the other 50% into the market. This will cut gains in half if there is only 1 signal before an opposing signal since 50% was sitting in cash. However, like we saw last week when there were 2 consecutive buy signals, it lowered the cost basis of the original position and maximized gains by going all in at a better price.
J looking for this move to end around 1312 then short,do you have price point for S&P? TIA
ReplyDeleteI try to have no guesses and try to remain impartial and unbiased. Of course, I'd like to see it go straight down from here, but I really have no clue. It just feels like it wants to go higher, which has me a little concerned. The bears and I still have some hope, though. If the ES (I follow futures closely) can't get and hold above 1304 soon, a strong sell-off could ensue possibly testing the recent lows. This info comes from The Precision Report. Bob English is a genius, btw.
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