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Since it is risky before, it is more safe after.
It was written on Sept 25 morning :
"As for new longs, the last close was not inspiring. It would be
better to wait for more clear signals. Some pure long indicators need
more than a week to be active. And there is no room for surprises
this period. Any temporary bullish reaction does not seem to be
sustainable now."
I hope you did not count seriously the +4.5% of 09/25.
We have to wait, dear Long traders...
Wait for more safe technical evidence.
Dimitris Tsokakis
--- In amibroker@xxxx, "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx> wrote:
> It was a weak turning point. Bullish stocks were changing between
16
> and 17 many times the last hour. It is cool to cover the last leg
> shorts, since the majority is profitable.
> As for new longs, the last close was not inspiring. It would be
> better to wait for more clear signals. Some pure long indicators
need
> more than a week to be active. And there is no room for surprises
> this period. Any temporary bullish reaction does not seem to be
> sustainable now.
> DT
> --- In amibroker@xxxx, "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx> wrote:
> > Half an hour before the end MACDBEAR seem to give a turning point.
> > The equilibrium may change easily +- 1 stock.
> > It is not always easy to act at close...
> > DT
> > --- In amibroker@xxxx, "Dimitris Tsokakis" <TSOKAKIS@xxxx> wrote:
> > > of MACDBEAR was interesting.
> > > Apply
> > >
> > > Short=DateNum()==1020913;
> > > Cover=DateNum()==1020923;
> > > with Short at +1 open and Cover at 0 Close. Including a 0.5%
> > commission it is above +9% for the N100 market.
> > > The last leg of market direction began two days earlier, on
Sept
> 11.
> > > The
> > >
> > > Short=DateNum()==1020911;
> > > Cover=DateNum()==1020923;
> > > is above +11%.
> > > An average +10% for the combination of these Directional
> indicators
> > in 7 trading days.
> > > Very few stocks moved against the market [ADCT -12%, BMET -7%,
> > AAPL -5% to name the worse losers]
> > > 22 stocks exceeded +20% and 33 stocks were between +10% and
+20%.
> > > Partial profit taking is always interesting, although the trend
> is
> > continued.
> > > Dimitris Tsokakis
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