Thursday, January 12, 2012

Buy if...

I'm getting a buy signal (the system is trying to buy strength here) if the following two conditions are met.

1) SPY closes above 129.00 (looking very likely)

and

2) TNA closes at 50.30 or higher (not quite a given yet)

Both conditions must be met or the system remains short. If met, the system closes the short position for a loss and opens a 50% long position in TNA. Best wishes!

7 comments:

  1. Well, wasn't expecting this turn for the worse... I would to take this shaving...

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  2. oops, miss-read...

    I guess we are going long unless there is a sell off into the close

    SELL SELL SELL

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  3. Can't say I like it either, but it is what it is.

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  4. Can't say I like it either, but it is what it is.

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  5. I can't take this loss... first trade of the year and its a loss.

    Maybe the long will be short-lived and we end up going short again Mon... I am good with that.

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  6. This is the issue with mechanical systems. My system ( much simpler than yours ) is still long from 1221 although everyone is screaming short. I feel it will turn at 1270 or so.

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  7. Either we get a DB pretty quick this morning or your system may have been a day early on the pull back.

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