True, Very True in fact (in regard to serious times, ie... a Great Depression in the past), BUT, many a play-r's lost dare fortunes playing for dis, dat or da-udder apocalyp-tic event only to be, well, EARLY, OUCH!
In summary, we bounced and are still up 2.7% off the weeks low, dat's got our attention among other things, like, the Third Buy-Signal since 04Feb, whatda, howda, whoda..........
The following is a simple rule I have adopted. When the MCO is coming down to pass through zero - short, but when it is coming up from under to pass through zero - buy... or at least reduce shorts...I have a much more sophisticated system than this but this will do. Therefore you buy on dips when MCO > 0 and sell on rallies when MCO < 0, it never fails..people are seeing confusing indicators now because it is passing through zero...
However, the market has tested OEX 490 four times and did not fail, shorts should be worry, not to say it won't happen, but look at where the MCO is..
I don't really care about heresays...just follow rules
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