Thursday, August 23, 2012


The market follow through with its selling today by making new lower lows and I think it's likely the short term trend will change tomorrow. So I might be using the test of the TA to hedge or sell 1/3 of my long positions. Yesterday I mentioned we had the EW scenario and the trend avg/macd signal and today I will log it as a signal failure to start keeping track of these signals as there is no research records on it at all. So next time (after a substantial sample) I see this scenario, at least I will know what are the odds. So for now the correction continues in the stock market while gold continues to break out, so we'll see if they start trading in tangent like they did earlier this years.

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