3:45pm: I didn't think it would happen, but it may after all... if SPY closes above 124.71, the system moves 50% short again - expecting a short term pullback. Below or equal to 124.71, then remain on sidelines with a hold.
2:29pm: A 95% chance of a hold signal today. I will update later, but it really looks like we'll need to see a late day blast in either direction to get anything other than a hold.
For example, SPY needs to close above 124.71 to get a short signal.
Looks like it might close above unless some sellers come in a the last minute...
ReplyDeleteMarket is getting really extended for all of the unrest in Europe and right here at home. Need a good pull back.
ReplyDeleteAbsolutely Joe, but someone (PPT) doesn't want the market to go down...
ReplyDeleteDang, I wish they would leave the market alone...
No short today.
ReplyDeleteIt wasn't 10 seconds after I posted, it began to sink. Looks like 124.71 would've been a good entry.
ReplyDeleteOh well.
lol, got your tweet AT the bell...
ReplyDeleteOK, does SPY trading at 124.71 shortly after the bell qualify as a short? What to do? What to do???
ReplyDeleteJtt, tough call. System is calibrated for the closing price so I'm not sure how it might work out.
ReplyDeleteIt will probably be up to Europe tomorrow according to all of the talking heads out there.
ReplyDeleteHoly Cow !!!!! J-Trader, I think the answer to my question is to always follow the system.
ReplyDelete