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LT sell confirmed


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#1 NAV

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Posted 03 August 2011 - 10:12 AM

With the break of 1249, my system has given a long term sell on S&P. Last time this happened was in Jan 2008.

http://nav-ta.blogsp...re-lt-sell.html

And the RSI warning turned out to be prescient. Don't FADE the weekly RSI.

Final bull market wave in progress

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#2 IndexTrader

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Posted 03 August 2011 - 10:21 AM

Obviously we can't know if this will happen, but IF we happened to have a reversal today and closed above 1249, what does this do to your signal? IT

#3 NAV

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Posted 03 August 2011 - 10:27 AM

Obviously we can't know if this will happen, but IF we happened to have a reversal today and closed above 1249, what does this do to your signal?

IT


My signal is not based on closing basis. So to answer your question, it would still remain on a sell. I am talking about the LT signal. The weekly has been on a sell for many weeks now.

It's not the knowing that is difficult, but the doing. 


#4 NAV

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Posted 03 August 2011 - 10:42 AM

Obviously we can't know if this will happen, but IF we happened to have a reversal today and closed above 1249, what does this do to your signal?

IT


1234 should get retested today again before any trend turn happens on the hourly.

It's not the knowing that is difficult, but the doing. 


#5 mss

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Posted 03 August 2011 - 11:01 AM

:)
FWIW, I would need to see a break up through ALL three dashed blue lines to get excited.

http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=2&dy=0&i=p86261135233&a=155480058&r=7483.png

Chart will update.
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#6 bln

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Posted 03 August 2011 - 11:11 AM

It was wrong in 1998. Have you back tested it with 100 years of SPX data? what is the win/loss percentage of the signals.

#7 vitaminm

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Posted 03 August 2011 - 11:55 AM

may follow May-July 2010 market correction...........1219-1010=209>>>1370-209=1161

spx.....S@1236........1220..........1200

one may watch 365 sma!

http://bigcharts.mar.../...se&state=11

Edited by vitaminm, 03 August 2011 - 12:03 PM.

vitaminm

#8 thespookyone

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Posted 03 August 2011 - 12:14 PM

I've got a strong IT sell, "so far" Meaning it could or could not go long term for me later. Found your new system interesting. After years of great trading, countless trial and error,you have settled on basically "cash is king" -go figuire :lol: More power to you, my friend-keep it coming. Going back through 1249 here is meaningless to me, in an IT sense-internally, the die is cast.

#9 vitaminm

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Posted 03 August 2011 - 12:19 PM

http://bigcharts.mar.../...se&state=11

one may watch slow sto and fish hooks.
http://stockcharts.com/h-sc/ui?s=$SPX...id=p41176550394

may follow May-July 2010 market correction...........1219-1010=209>>>1370-209=1161

spx.....S@1236........1220..........1200

one may watch 365 sma!

http://bigcharts.mar.../...se&state=11


vitaminm

#10 vitaminm

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Posted 03 August 2011 - 12:59 PM

it will be an hourly buy like now which may or may not continue...............


Obviously we can't know if this will happen, but IF we happened to have a reversal today and closed above 1249, what does this do to your signal?

IT


Edited by vitaminm, 03 August 2011 - 01:02 PM.

vitaminm