Hi learn...no, not taking the down signal. I have been waiting for the week to close. The weekly has been flirting with showing a positive close, and possible reversal.
The MVV/MZZ, being a leveraged instrument, sometimes does not follow lock-step with the base index (MID).....for whatever reason..I'm not smart enough or willing to delve deep enough to understand exactly why. The discrepancies resolve over a couple days, so it is not a huge concern.
Having said that, I look at the MID index renkos often for direction. The MID is within tenths of a percent on the weekly of giving a uptrend reversal. I will watch to see if that strength holds into the weeks close. The daily mid has been long for awhile based on the Trix...and so I have been long since July 17. When there was some weakness about a week later, I went half to cash on July 28..then back to full long on the next white brick..and have stayed there following the Trix signal, even though another red brick has followed.
I guess you could say my finger has been on the trigger ready to short, but the improving weekly, plus the Trix on the daily, has kept me long.
I don't know if that will be wise decisions or not, but that is the course I have followed. Regards.
AI
