Replies to post #16432 on Cycle Trading

[Duma]

I usually trade very close to the signal. In yesterday's case I traded pretty much at the signal. Of course market is up this morning, so not really good timing. Hard to trade when the market is so ready to go down and just waiting for some shread of good news to poo up.

Today it was DOJ's settlement offer to Deutsche. So up today, down Monday???? Market just seems to be marking time. Also bounded by a triangle.

I like JAK's comment, "Markets dropped today, as buying dried up. The S&P 500 is struggling to go back up and re-test the August high of 2194.
The S&P 500 MUST exceed the August High soon, or SELLING could come in."

http://stockcharts.com/public/1107832/tenpp/5

As I discussed and Murray answered, I got to get back to my 50% profit stops again. Got lazy.