L3: Wonder if this could be a bear with horns just glued on. <g>
How have you been. I share your concerns.
The lack of downward momentum after the resolution of the last bear flag was in my face and was hinting in advance that a buy signal was coming.
My standard indicators gave a buy alert for most indices after Friday's (10/9) close. In addition, my time/sales data analysis was confirming. Thus, I dipped into my Portfolio currently in Cash and bought shares of 5 Dow Industrials issues on Monday. (Note: I do not trade options or futures.)
However, as always, I was prepared to sell ASAP, if the market started to move against my positions.
Do to my shared concerns with your above mentioned comments, coupled with the violability of this market, I have added a new indicator to my bag, an Advance/Decline Indicator. As a supplemental indicator only, I expect it to lead my trend following method slightly and hopefully will allow for a very small peek into the future!
Currently long with parachute and life vest on! Oh yes and still day trading, for now.
BWDIK
Regards,
LG
PS: I usually do not post my investment positions, just my Market direction expectations. |
