Mike
12-11-2012, 11:44 AM
At two hours into the trading day we are in follow-through territory on the NASDAQ. Volume is running significantly higher. A close up of 1.25% or more should produce a FTD. This will if it occurs turn the buy switch on with an exposure count of +2 (55% invested). The FTD would be a B1 buy signal and we have had a B3 (lows above the 21-day) in our back pocket for a while. When I detect a probably FTD I cover short positions. I am currently long one stock (BCEI).