, so I may report later than 6 PM EST, but SS will update by then....Best, D
Seven Sentinels - Follow Up
Started by
IYB
, Mar 04 2009 04:30 PM
4 replies to this topic
#1
IYB
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Posted 04 March 2009 - 04:30 PM
GE was the "spoiler" today which held TRIN back from confirmation. The other 5 Mo readings look like they made it to buy side, and BPCOMPQ will report at 6 PM. So it was 5 of 7 or 6 of 7 depending on BPCOMPQ. No cigar....yet. Headin' out for lunch at Duke's Barefoot Bar , so I may report later than 6 PM EST, but SS will update by then....Best, D
, so I may report later than 6 PM EST, but SS will update by then....Best, D
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
#2
IYB
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Posted 04 March 2009 - 07:52 PM
NO SIGNAL. As we could see at the close, we have 5 of 7 on buy side with TRIN having been held back by massive downside volume in GE (approaching a billion shares), and by bpcompq. Rather than speculate on what's coming, I'll let the market tell it's own story. Good trading, D
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
#3
tuffy88
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Posted 04 March 2009 - 08:41 PM
Thanks for the update Don. Today was Day 1 of a new rally attempt as written in tomorrow's edition of the IBD Big Picture colume. They went on to say that the late sell off showed lack of conviction by the market. Pretty muted in their call. Still a confirmation on or after Day 4 would would lead them to call it a "market in an uptrend". Until or unless that happens it is still "market in correction".
Charles
#4
humble1
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Posted 05 March 2009 - 01:30 AM
rhank you both. at this juncture i am epecially interested in the signals given by the two important systems you cover. they have performed magnificently in keeping the followers out of harm's way.
#5
coolhand
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Posted 05 March 2009 - 08:17 AM
rhank you both. at this juncture i am epecially interested in the signals given by the two important systems you cover. they have performed magnificently in keeping the followers out of harm's way.
Thank you for your updates Don. Some of my accounts are not nimble and your trading system makes managing those accounts much easier.
