12-18-12 comment

The market produced a follow-through day yesterday for a B-1 buy signal on the NASDAQ. Today it produced two new buy signals a B3 lows above the 21-day and a B2 additional follow-through day signal. These are strengthening signals coming in a period of positive seasonality. The exposure count is now +3 (75% invested). I am guessing that Bill O'Neil on the half day after the Thanksgivving Holiday had figured in the seasonality when he called an unusual follow-through-day on an extrapolated half-day volume. We didn't miss anything, yesterday's FTD if it is going to produce successful results will produce good results or it won't. If it doesn't that is the Karma of the current market.