Ed,
>>>> With the S&P rolling over
more obviously than the NAS, why are you in USPIX and not
more into URPIX? The NAS is going it's own way (UP !!)
while the Dow and S&P are having their troubles. <<<<
Per my INDEX UPDATE, I have a CLASS 1 SELL SIGNAL on the NAZ and the SPX. The main reason Im playing the USPIX is that the swings are much greater, but you are correct in that there is more risk. On the other hand, on JAN 20 I got a CLASS 1 SELL signal on the NAZ and we bought the USPIX and if you check our trades at
home.att.net
we made 3 trades during that pullback with the USPIX which profited 12.3%, 3.7%,and 7.5%. So the NAZ did work well with my signals. So to answer your question I am comfortable with my SELL SIGNALS on the NAZ, but not that comfortable to put 100% into it. Thats why Im now considering to add the URPIX.
Dont get me wrong since you have a legitimate question, and if I understand it correctly it was why not go with the weakness rather than strength. I also need to add that I suspect that the NAZ has limited upside and that the upward momentum is slowing down, per my short-term technicals which I see. Am I sure - no, but leaning that way.
One last thing, even with the recent strength in the NAZ the oscillations in the NAZ have been more volitile and greater than the SPX, and we are playing both sides.
seeya |
