Originally Posted by
Pascal
You are right Mike, sometimes it is better to be safe and then reconsider the market while in cash.
The selling in the PM sector and commodities in general is indicative of a deflationary move.
The 20DMF is rather negative today as price bounces are sold into.
Pascal
Attachment 18003
Without an end of day rally it looks like the MarketSchool model will end up in cash. We have undercut the FTD lows (S1) and undercut the 21-day ema (S5) sell signals.
I timed my long exit and short entry about right. It doesn't always work this way and the day isn't over yet.
Mike Scott
Cloverdale, CA
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