anyone have the latest on the IBD buy signal of 1/28?

i suppose i am to assume they bought the opening fix on 1/29. i have just started watching this trading system as posted here. but, isn't it that simple? the buy signal is triggered after the closing info is calculated: then, you buy!

Edited by humble1, 30 January 2009 - 07:59 PM.

Underwater...again.

You know I was thinking about this today.
Systems which worked well in the great bull market will probably lose till the bottom of the upcoming 80 year cycle.

See Terry's T Theory

Still on a buy, but sucking for air. When you get a distribution day within the 1st 3 days after the follow through day it means the trade is in deep trouble and usually fails. Today was the 1st distribution day for this trade. I am in for a 1/2 position. Never make predictions so will wait for the failure of the rally(if it comes) to exit. And Rodger is right about bear markets. In 2008 6 trades: 4 failures and 2 successful. All trades entered with 1/2 position and losing trades all failed before 2nd half entered. 2 winning trades had 2nd confirmation and thus full positions. Went on to only recover the losses on the 4 losing trades. Ended the year almost exactly even in trading account. I am currently down 2.65% on this trade entered into Thuresday. I have no idea what will happen next week. Charles

Edited by tuffy88, 30 January 2009 - 09:48 PM.

I am in for a 1/2 position.

Tuffy,
That's what I was thinking might be a good idea, since the last few have not worked.

It's a different world out there.

But who knows when it will change?

It will definitely be a rally under pressure call. They won't pull the plug though, unless it undercuts the earlier rally attempt day. Frank

Edited by fwsnkjv, 30 January 2009 - 10:06 PM.

thanks for the response. i, too, have my scuba gear on. you know, it's sort of pretty down here except for the sharks.

H1 I think "what now" may still be a low of some sort in 2/17 - 2/18 area. I reloaded shorts on the bounce Wednesday. We'll see. Gotta get past 2/5 first. Still can't rule out a high on the 18th but it's looking less likely. Getting the timing right is good. Getting the timing and polarity right is gooder. Kimston

k: exactly! ™ i agree the next key date is 2/5. *that* date might help with the polarity of the upcoming series.