Bobby, my last couple calls have been below par and since you took the time to keep track of a recent one and call me to the carpet on it (g}, here's another one for your comments:
My model goes to 100% cash effective on the open tomorrow. Various indicators are overbought on the shortterm portion of the model, oil and natural gas prices are stubbornly staying up effecting the longer term outlook, and a long term look at the advance decline line shows it is at the upper range of the uptrend.
stockcharts.com[e,a]daulyyay[d20000515,20020515][pb7!b3][vc60][J3683763,Y]&pref=G
CB Model 2002: Ytd model is up 5% versus qqq down 17%.
- January 2nd: buy qqq at open 39.57......$100,000 in qqq.
- January 4: sell qqq at open 41.95.......$106,005 in cash.
- January 7: short 25% of account at open 42.11......$79,504 cash, $26,491 short qqq.
- February 7: buy back qqq short at $36.00......$109,829 in cash.
- February 20: go 50% long, buy qqq at 34.9......$54,904 in qqq, 54,915 in cash.
- February 22: go to 100% long at open, buy qqq at 33.61.....$107,780 in qqq.
- April 25: Went to 110% long at open at qqq of 32.3.
- May 14: Went to 100% long on open at qqq of 32.05.....$102,687 in qqq.
- May 15: Will go to 100% cash at open.
Tom |
