Tuesday, April 11, 2006

Buy signal from 3/29 fails

SPX buy signal from my system, from 3/29, ended in a failure today, after taking out the 1291.84 (swing low of March 28). This is the first failure out of 8 signals this year. It was very unusual that i had a string of 7 good signals in a row. So it was about time to get a failure, i guess. It's too risky to short here or go long. So i will turn neutral. The next signal could be either a continuation sell or a buy. So we wait....

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