I'm getting sell signals on my stochastics system (designed to give early sell signs) on PKD, NE, SLB, and the OIX. I've spent most of today and yesterday upgrading my site lonestar.texas.net
so I didn't notice the sell signals until today (except PKD gave sell signal after Friday's close). This system is designed to give a sell signal during initial strength and often sells too soon. Nevertheless, I followed thru with my promise to shave my margin down and sold some FGII (about 25% of my FGII holdings). I fully expect to have to buy it back at a higher price at the next buy signal. Long term charts are still positive, and the sell signals have not been confirmed (yet) on the short term charts of the OSX, TDW, MDCO, GLM, FLC, ESV, RDC, CDG, RON, or FGII.
As far a crystal balls go, "We don't have to know what is going to happen in the future to make money in the market, knowing what is happening NOW is sufficient." NOW I think we are at the beginning of a reversal in the downtrend of sentiment and prices in this sector.
I think I fixed the bugs in my macro so the site should be updated everyday at 5pm and 1am. Anybody got any interesting trading systems I can plug into Metastock? Thanks. |
