11/18-11 Before the Open Comments

Yesterday took the Market Exposure Model down to a +1 exposure count. Maximum exposure of 30% in. We experienced two sell signals S9 (break below the 50-day) and S4 (distribution count at full = 6).

I decided to take profits yesterday and chose to exit the market. It was the most successful rally of the year for me. IBD has placed the market in correction. The Market Exposure model still has the buy switch on so it is still possible to play this market under the rules of the system but I have some distractions going on and need to sell down to the sleeping level... My largest gainer was SWI and its chart is quite intact. I did not enter FIO but if I had I would say the same thing.

I enclose the current Market School chart. There is an effort underway to try to insert another Market School into the calendar on January 21 in Los Angeles. Interested people could send me an email.

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