Selecting the day when you buy or sell is one of the purposes I think my system can be used for, yes. This is the way I've thought the system can be useful even for long-term investors. You'd like to get into the market just as a dip is ending, and you'd like to sell just as a rally appears to have weakened.
Ideally, I'd get a message to you before the close when the daily prediction is about to change to positive for the next day, and then you'd buy before the close.
If you put in an order yesterday to buy today, you may well do fine. As the past two weeks have shown, the system's predictions can change from negative to positive rapidly. By the end of today, the model's prediction could well be positive.
I'm still in cash for today, but I will buy in at the end of the day if the prediction changes to positive. If the market declines again I'll most likely be in cash over the weekend.
TCFQX may not be much affected by what's happening in the broad market (NYSE), which is where my models are based. It seems to be rising in synch with the NASDAQ, so I'd expect that it will continue to do so. As I've said before, I have serious concerns about the NASDAQ -- but I think it will probably continue to rise until all the year-end bonus, pension, and profit-sharing distributions have been pumped into the market (into the NASDAQ, specifically). After that, I don't know what's going to happen.
Kevin |
