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The DOW, NASDAQ, and S&P500 all gave clear sell signals on July 21. There wasn't any good news until September 1, but we got another sell signal on September 30. The combination signals on October 8 and 9 and especially on the 15th were very clear that the dip was over. I use candlesticks, trend lines, volume, and Bollinger Bands for my signals. I use MetaStock. I watch the major indexes and stocks like YHOO, AMZN, AOL, LU, DELL, CSCO, and about 30 others. The payoff in the last few months has been great. I sold YHOO the day after it took it's 72 pt leap because the signals and common sense told me the next week could be down as much as 150 points. I think it may go as low as 260. I don't sell short and haven't bought puts yet, but I may be buying puts the next time I see an opportunity. |
