In the last S&P post I said:
"TopFinder is now at 66%. It is getting mature and is working nicely with
the projected theoretical intermediate cycle low due April-May"
"I would be tempted to reduce on a trend line break"
This is how things are now
The small trend line was penetrated a couple of sessions ago and TopFinder has now reached 88%
Has the trend ended? Do we have a top? Since I have no knowledge of the future, I leave definitive answer to those questions to those who know the future.
I just think that probabilities are against me holding a full long position that I have been nursing since we thought we had a good entry in November -- For me this is just a game of probabilities and money management
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S&P 500 – May 15, 2012 - Bottom Line: Long term trend is up. Mid-term trend is down. Short-term trend is down Weekly S&P stage is Late Advance (2-C) Daily S&P stage is Strong Decli...
1 year ago