Mike
03-29-2012, 08:50 PM
We had a distribution day on the NASDAQ today bringing the count to 4 in the last 25 days. One more distribution day and we start racking up distribution sell signals. The exposure count remains at +7 and the exposure will remain at 100% in until the exposure count drops 3 counts to +4.
The NASDAQ closed near the highs of the day. I get questions about why the Exposure count is full on at +7 when IBD is saying Market Under Pressure. The Market School model is designed to keep you in the market when the market has shown extroidanary strength which historically has led to shallow pull backs and future gains. IBD could move to market in correction but Bill O'Neil could be telling his portfolio managers to keep something in the market. This guidance is what the Market School Model is trying to emulate. As usual, anything can happen...
The NASDAQ closed near the highs of the day. I get questions about why the Exposure count is full on at +7 when IBD is saying Market Under Pressure. The Market School model is designed to keep you in the market when the market has shown extroidanary strength which historically has led to shallow pull backs and future gains. IBD could move to market in correction but Bill O'Neil could be telling his portfolio managers to keep something in the market. This guidance is what the Market School Model is trying to emulate. As usual, anything can happen...