3:35pm: Nothing new today. A hold signal keeps the system 50% long.
11:15am: Things have changed a bit in the past 45 mins. Things are starting to point toward a strong buy signal.
10:30am: At the 1 hour mark, with TNA sitting at 39.68, I am getting a sell signal for today. I suppose that is to be expected. Here is the crazy part. My unhealthy signal is to go long! If you think that is confusing, you're right. If we are indeed in a healthy market environment again, and yesterday was nothing more than a shakeout, my system still wants to sell this. If however we are in an unhealthy market environment and there may be more downside to follow, why in the world would my unhealthy signal want to buy today? Sounds backwards to me. I guess we'll see how it works out.
Did you buy more (since you didn't go 50% in) at this low, low point...
ReplyDelete???
Thanks
I did not add to my position, but I have a bit of encouraging news for the bulls. My unhealthy signal was on a buy yesterday. If I'd seen this at the time, I would've added to my position...
ReplyDeleteUnhealthy buy signals are pretty good at picking out short term bottoms.