Bill: My medium and long-term indicators are still on a sell signal with no indications of turning. As I mentioned in a post last week, my very short-term indicator gave buy signals on many indices around mid week, last week. This divergence interprets as a bear rally, for now!
Of course, my investment style is not to call exact tops or bottoms, but to be on the right side of the trend. I try to recognize trend changes early and tag along.
I tried projecting numbers in advance in the eighties and could not find anything that worked. I found trend following worked best, for me. Of course, after years of using these indicators, I can look forward with them, but experience has taught me not to act until I get the signal!
So, the market is in a downtrend for now! My portfolio went to cash while the Dow was still above 9K.
During down trends, I Day Trade only. Opening positions only after the first thirty minutes and always closing positions before the last fifteen minutes of each trading day!
I am a fairly conservative investor!
BWDIK
Regards,
LG
PS: In addition to my own stuff, I use a variety of traditional analysis tools. Of course, some I don't touch! |
