Wednesday, November 21, 2012

Market Timing Signal - Short


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My market indicator just gave another signal.  The chart below shows what type of signal it gives, I don't give out how I got the actual signal though. Note the last green arrow, it called for a bounce, as the market did indeed bounce for a few days before falling over, wasn't an ideal signal but it did work. At the moment my market indicator is calling for a short term top around this area.

I wouldn't trade based on this signal. I'd look for Monday/Friday to be when the markets pull back for this to be a good signal.



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