I've looked at your turn dates for the year. Some are right on the money, to the day--the June dates, for example. Quite amazing considering you posted these dates months ago. But other dates seem to have been early, like the April 2 top for example.
I'm wondering how you play the market when your turn date signals a top, but the market keeps going up. I'm thinking your August 13 top projection could be early as several other market timers who have good track records are expecting the market to hold up thru the end of the month (although one of them is looking at August 8 for a turn, and August 10 is supposed to be a significant Bradley turn date).
Do you wait for price confirmation of your turn dates? If so, what would that confirmation look like?
Pima, Depending on the severity of the I1 turn (the spread high to low / low to high) and especially if a formal buy/sell signal is issued to the level of the target (<3.25 and >5.50) I will trade late the afternoon of the turn date. I will have a moving-average based stop in case the turn comes earlier in the day. Once I have the position I most frequently use a .25% stop beyond the DJI high/low.
Hi Steve,
ReplyDeleteI've looked at your turn dates for the year. Some are right on the money, to the day--the June dates, for example. Quite amazing considering you posted these dates months ago. But other dates seem to have been early, like the April 2 top for example.
I'm wondering how you play the market when your turn date signals a top, but the market keeps going up. I'm thinking your August 13 top projection could be early as several other market timers who have good track records are expecting the market to hold up thru the end of the month (although one of them is looking at August 8 for a turn, and August 10 is supposed to be a significant Bradley turn date).
Do you wait for price confirmation of your turn dates? If so, what would that confirmation look like?
Thanks!
Pima,
ReplyDeleteDepending on the severity of the I1 turn (the spread high to low / low to high) and especially if a formal buy/sell signal is issued to the level of the target (<3.25 and >5.50) I will trade late the afternoon of the turn date. I will have a moving-average based stop in case the turn comes earlier in the day. Once I have the position I most frequently use a .25% stop beyond the DJI high/low.
thanks!
ReplyDelete