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Trading Blogs
About Me
- Forecaster
- I originally developed this stock market timing system to trade leveraged mutual funds within a retirement account. It appeared that traditional "buy and hold" strategies would not generate the returns I desired in the time frame I needed. I wanted a mechanical trading system that took the emotion out of making decisions about the future moves of the markets. This system gives a "end of day" call for the next days market direction. On some days it requires some input from the trader as the signal may be dependent on the closing price of a particular index. It can be traded using etf's or mutual funds. This blog is for entertainment purposes and to track the development of this system. It is not intended to be used as advice. Use at your own risk!
Sounds like a good call,...Wed 04-01 is a 3 wk cycle date,..likely "pivot" date. I am looking for a HIGH,..likely lower close. Next week 04-09 is also a 3 wk cycle date,...could come in as a LOW. Thanks for the blog.
ReplyDeleteRegards, Jim P.
Hi Jim, Most EW'ers (Elliott Wave) are calling for further pullback to mid 750ish then a large wave up. We shall see. I feel better if my system follows the general mood of the market. Yes I like this format.
ReplyDeleteHi Forecaster, ...revision to my first comment,..the 04-09 (next 3 week cycle) date could come in as a LOW or a HIGH. It will depend on how we progress into 04-09. IF it is a HIGH,..then we are likely to get a down move after 04-09. Regards, Jim
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