Wednesday, June 15, 2011

Buy Signal

The system won't be on the sidelines very long.  It's taking another 50% long position on the close today.
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9 comments:

  1. RealMoneyIssuesJune 15, 2011 at 3:48 PM

    I hope this means the market is going up from here. Gonna be tough to make up for a $10 a share loss on the last trade. :(

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  2. J-TraderJune 15, 2011 at 4:04 PM

    I'm right there with ya. If tomorrow gaps up, that will be the first sign that higher prices are coming. (A very high percentage of my profitable buy signals see a gap up the next day.)

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  3. law87June 15, 2011 at 7:19 PM

    Well lets hope ur system and IT system comes out on top. I'm really being a pessimist right now since reality is there is no good news coming and Greece is not going to get better

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  4. JoeJune 16, 2011 at 12:06 AM

    Huge economic numbers out in the morning. Don't like trading in front of these numbers. The market will react and recently that hasn't been good.

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  5. law87June 16, 2011 at 7:56 AM

    what happen to the day where bad news is good news to the market?

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  6. RealMoneyIssuesJune 16, 2011 at 8:00 AM

    Law87- at this point I am just hoping SOMETHING is up. I am down about 11% and having to decide whether to cut an run or spend the next few months waiting to recover :(

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  7. law87June 16, 2011 at 8:04 AM

    i am really hoping for that 1310 in the S&P so i can exit.

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  8. RealMoneyIssuesJune 16, 2011 at 9:03 AM

    How about a 1255 close below the 200MA and we can exit running before the bears?

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  9. JoeJune 16, 2011 at 11:10 AM

    Almost bad news is good news. Nice rebound off of the Philly Fed numbers.

    ReplyDelete

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