Well I ran my system just now, and no sell signal in sight, the one variable that needed to change did not change much as I alluded to yesterday. It is a variable that takes some time to move all the way to the sell side from the buy side. It did move about 5% of what it has to move to generate a sell. We still could re-visit that low, but if we do, it is definitely a short term buy zone, for a hold of a couple of months or so. No celebrating here just due to an up day, we could still re-trace again. I am not predicting it, but it would not shock me. Overall, I still think we will move higher over the next couple of months.
By the next buying opportunity, I meant Octoberish, after a significant drop starting in late summer.
I generally trade stocks for 4 – 6 month holds, my short term trading is in futures, where my average hold period is only about 2 days.
