Rich 1: Heck, I expected that falling support line on my OMC Index to hold and jumped ahead of my own models. Somethime I am right, but most of the time when I do that I get burnt.
I got burnt this time. I would think I would stop doing that. It is always best when all my models line up and they are getting very close to doing that. When the all line up they are rarely wrong.
The first four of my intra day models are in the oversold range and the longest-term model is on its way. My intra day daily and weekly models are beginning to flatten out at the oversold mark. This is just about as close to a complete line up as they get. I will most likely begin to re-establish long positions this after noon.
As my computers may be down sometime this week, I will likely just stick with the DIA, QQQ and SPY.