The system is staying short for Monday.
Staying at 1.5x allocation.
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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!
I also am staying short. Increased to 2X at the close on Thurs,..held position at today's close,..we'll see what Monday brings. Today Fri 04-17 is 13 market days from previous pivot Low on March 30, and we are up against top of rising wedge. I am biased for a couple days pullback. Have a good weekend. Regards, Jim
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