My model just gave me a trend reversal signal (from up to down). According to my model, the market has been in an up trend since December 15 and has just entered into a down trend. That is the longest uninterrupted trend tracked by my model in the last 15 months (that's how far my model goes back). I have no idea how long this trend will last but the average trend tracked by my model has been about threee and a half weeks. I have been short since last Friday morning and continue to be short. The short position I put on last Friday was while the market was still in an up trend but it was determined by my model that the market was overbought in the short term.
Longest up trend of entire bull market, oversold to oversold.
Today marked THIRD try at breaking under 75 on K line.
We'll see, but NOT breaking
May high before any correction is PRETTY BAD
because it DOES make it
that much harder (more LONG down trends) next time.
Feb 18'th was the early HOY last year, MAYBE 21'st could
be this year.
BUT only $1+ away, chump change for BEN!
You just need to get real and admit your mistakes instead of lying arond them while proposing new shorting opportunities off of a previously failed system.
Is this your idea of helping others?
I also built my own model over the last couple of years and it is also very scary. I,m getting breaks of trends in some areas though not all. My problem is that on a fundamental level the First Rule is don't fight the FED, so I think I'm just going to mostly go to cash and not too much short as I'm thinking with the conflicting info we might mostly go sideways, with some sectors holding and other tanking at least some. Maybe that is how Apple gets explained. It just goes sideways. JMHO
MarketKibbles...kiss my behind...he lied about his short position while predicting another short opportunity based on the same position and you defend those actions?
Perhaps you are really nyc_Tom?