The call is to switch long.
Will follow rut at 1.5x
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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 with you, Long for Tuesday, ...Intraday Cumulative Tick and other short term indicators are oversold, and tomorrow Tue 06-09 is my next 3 week cycle (likely pivot) date, so I am biased for a move UP on Tues. After 06-09, my next 3 wk cycle date is Fri 06-12. Have a good afternoon.
ReplyDeleteRegards, Jim P.
Hi, The market sure took off. Hope there is some room to go up tomorrow.
ReplyDeleteI know what you mean,..now I am wondering if my 3 wk cycle date is not a turn down from a High?
ReplyDeleteOne worrisome sign today (Mon) was the ISEE Call/Put ratio,... was in the mid 140's all day,..closed at 144
http://www.ise.com/WebForm/viewPage.aspx?categoryId=126&header3=true&menu0=true&link1=true
Too much optimism.
Also, the Breadth on NYSE and NASDAQ was negative,...not usually a good sign on a doji day. We'll just have to wait and see what tomorrow brings.
Regards, Jim P.