the call is to be short for next Tuesday.
Will stay at 1.25x. Have a nice weekend!
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- 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 have a likely pivot date (3 week cycle date) on Tue 05-26, and my bias is that Tue should mark a turn lower from a High.
ReplyDeleteSo going short the close here on Fri is not a bad idea.
My next 3 wk cycle date is on Fri 05-28,..and could be a High or a Low,..will have to wait and
see how we move into that time frame,..and then I would expect a reversal of sorts.
Have a nice Memorial Day Weekend.
Regards, Jim P.
you too. nice work
ReplyDeletesam