The system will switch short if the eem cloes between 31.77 and 32.06.
I will trade emerging markets at 1.5x if the call is long and 1x if the call is short.
ended up long for tomorrow.
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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!
Thurs 1pm,..
ReplyDeleteMy intraday indicators are approaching overbought,..my bias (IF we continue Up into the close on Thurs) is to get short at the close of Thurs. So I will likely be Short for Friday.
The Mon 06-22 date is showing as a turn point,..and then Tues 06-23 is
my 3 week cycle date. So there is a High or Low early next week, likely pivot, etc.
Regards, Jim P.
That is most likely a good call for Friday...It looks like my system will go long tho...we shall see
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