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Strategies & Market Trends : Longer-Term Market Trends

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To: Perspective who wrote (2111)2/27/2009 7:41:35 PM
From: morokko65   of 3209
 
I am short via Uspix, which is down 25% since its November peak... so I'm kinda in the same boat: on the right side philosophically, but running to stand still dollar-wise

It does look like a big market flush is brewing, unless its a bear flush....

My weekly charts all have the S&P, INDU and NDX pointed down hard, and about 80% (but NDX less) through this move:

stockcharts.com

weekly RSI on the SPX at about 20 will be the firebell for me to start (in increments) changing horses, maybe Allan will chime in on what signals he is looking for

I still have the same sticker on my monitor since September:

sell 2% of my USPIX on ugly NDX days (3%+ down)
Buy $BTK mutuals on those ugly days in small $500 increments
Add Gold mutuals whenever daily $HUI stochs get below 20

so far that has kept me out of trouble, but no grand slams either
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