Given that you were giving a lot of trash talk to the bears even just a few days ago, and that you had a huge up move that would have killed the bears, have you now changed your mind? And if yes, are you still 150% long or just 100% long or have you sold all your longs and are all cash or are you now short?
IMO, it looks like you sure are putting way too much emotion into this market and that's never a good sign... but that's JMHO so WDIK...
I'll continue to try to refine my posting approach, to alienate the fewest folks, even syl. Thats not the point. This helps a lot of us focus on the task at hand which is making money or at least thats my reason for posting on these boards. I assume it is others as well.
The sell signal came at 26.48 on the qqq's and comp 1430. I am flat with some long and some short at that point.
The sell signal isn't a strong one yet. But it never is when it first rolls over.
The sell signal has now gotten to its strongest possible point right out of the gate. On average this predicts a trend lasting 6 weeks.(it doesn't have to be 6 weeks..The Dec signal lasted 4 weeks...and of course it can be wrong)
If we are looking for downside targets, looking to 1327, 1350, and 1380 to start, makes a good deal of sense.
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