bbgold - I am favoring the Bullish scenario, if you look at the Monthly data sheet you will see that the Monthly normally has a one month Phase 1 every other cycle. It has been three Monthly cycles since the Monthly has had a one Month Phase 1, the last time it had more than one cycle was back in 1987/88 time frame, there was two cycles between a one month phase 1. Also the Monthly closed above the LTL and around the EMA 8 level. During the Phase 1 month it went below the LTL, so it has met that requirement. Tomorrow, with the new month, it will be interesting to see if the Monthly EMA 3/8 makes a bull crossing. If the Weekly flies through the UTL tomorrow we could see this rally lasting awhile. I wasn't expecting the rally to new highs until the summer, but this could be the start of it.
The bad thing is I will be stuck with two SPXU positions, but I could easily write them off.
I believe tomorrow is the last day to sell for a tax write off, or was that today? The rule is 30 days after the sell. I might sell my QID.
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."
