The Forecaster system is calling for a rebound tomorrow.
Will trade the eem at 1.25x.
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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!
Hi, I am biased for an UP close on Tuesday as it is my 3 wk cycle date. Unsure of what is next though,..we may only have one day UP and then reverse lower.
ReplyDeleteShort term indicators (such as Cumulative Tick NYSE
http://lh6.ggpht.com/_APmrYvpA45s/SjcQ4sKYlrI/AAAAAAAADgI/YXkJ8-kGR4U/s1600-h/CumTICK%5B2%5D.png
and other indicators....
http://lh4.ggpht.com/_APmrYvpA45s/SjcQ4N4EfYI/AAAAAAAADgA/dGB6MfJQPWg/s1600-h/STEM.MR%5B2%5D.png
(note both these charts from Cobra's blog):
http://cobrasmarketview.blogspot.com/
are oversold here though,..so at least for Tuesday, I am biased for an UP close.
My next time frame for a likely pivot is a week from now on Tues 06-23.
Have a good day. Jim P.