3:55pm: Buy signal (strong) is confirmed.
2:22pm: I'm getting a buy signal today. It's borderline right now, but we may even get a strong buy signal, which simply means the unhealthy mode is giving a buy signal in addition to the healthy mode (which we are in). A strong signal carries with it better results/returns than a normal signal, thus I will sometimes throw additional capital into the ring. Not always though. The official system does not, and if anyone is following my system verbatim, I would recommend not to deviate either. Just for reference, the system always allocates 50% of its capital on the first signal (no matter the strength) and saves the rest for possible dollar cost averaging - because believe it or not my system is not perfect and it can not nail the exact turning point every time. :)
Sadly, no dry powder for me today so I will have to see how tomorrow goes...
ReplyDeleteThanks for all you do J !!!
J, does this morning's gap down change anything in your system?
ReplyDeleteI hate to try and guess the low, get into TNA and find out your system might cover or short today...
Thanks !!
Getting a plain sell signal today. No short. Sorry didn't get back to you earlier. Was busy all day.
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