BTW: It's often a safer course to enter positions one day after the CI's hit extremes. This is often the day when trends reach extremes, with blowoff days. (Of course, it's far safer not to enter trades based on the CI's at all, but that's another matter entirely.) In other words, the day to enter short trades would have been yesterday, not Friday. And it's often safer to enter position or swing trades near the close, when it's clear what the CI's closing values will be.
The risk in entering the next day is that the reversal may be swift, allowing little time to get in. But the risk in jumping in too early is obvious. The moves at ends of trends can be big ones, as yesterday's was (if that was the end of the uptrend, which remains to be seen).
ST Naz CI: 89.181 98.950
MT Naz CI: 90.568 99.084
LT Naz CI: 96.716 99.681
ST S&P CI: 78.758 87.745
MT S&P CI: 82.265 89.768
LT S&P CI: 92.455 95.647
So far, the CI's suggest a change in trend, but it's important to wait for closing values. Also, the S&P ones haven't maxed out at 100 yet, so there might be more steam to the rally. Might. It's all guessing. If you want certainty, it's available on many other threads. |
