Mike
05-22-2013, 02:39 PM
Today's reversal looks like it is setting up for a an S11 downside reversal sell signal on the NASDAQ.
If we close in the bottom quarter of today's range the exposure count goes to +4.
Yesterday was a stall day on all indices, stall days happen rarely in the middle of an uptrend, they are more associated with end of rally. They do sporadically happen in the middle of a rally however.
I have begun raising cash levels.
If we close in the bottom quarter of today's range the exposure count goes to +4.
Yesterday was a stall day on all indices, stall days happen rarely in the middle of an uptrend, they are more associated with end of rally. They do sporadically happen in the middle of a rally however.
I have begun raising cash levels.