RULES FOR FOLLOWING THE SEVEN SENTINELS
The concurrent alignment of all seven signals under specific conditions constitutes a signal and defines the context or prevailing trend of the market. Here are the individual buy/sell triggers:
TRINQ and TRIN: Daily reading below the 13 Day Exponential Moving Average (EMA) is buy mode, a reading above the 13 Day EMA is sell mode.
For NAMO, NYMO, NAHL, NYHL, a daily reading above the 6 Day EMA is buy mode, and reading below the 6 Day EMA is sell mode.
For BPCOMPQ, A positive crossing though the lower or upper bollinger band constitutes buy mode. A negative crossing through the lower or upper Bolinger Band constitutes sell mode. It stays in buy mode or in sell mode until it re-crosses in the opposite direction.
All seven must be in a sell or buy condition simultaneously to complete the signal.
The concurrent alignment of all seven signals under specific conditions constitutes a signal and defines the context or prevailing trend of the market. Here are the individual buy/sell triggers:
TRINQ and TRIN: Daily reading below the 13 Day Exponential Moving Average (EMA) is buy mode, a reading above the 13 Day EMA is sell mode.
For NAMO, NYMO, NAHL, NYHL, a daily reading above the 6 Day EMA is buy mode, and reading below the 6 Day EMA is sell mode.
For BPCOMPQ, A positive crossing though the lower or upper bollinger band constitutes buy mode. A negative crossing through the lower or upper Bolinger Band constitutes sell mode. It stays in buy mode or in sell mode until it re-crosses in the opposite direction.
All seven must be in a sell or buy condition simultaneously to complete the signal.
Volatililty Continues
Posted 11-02-2009 at 10:49 PM by coolhand
Early on today, it looked as thought the market might make another big reversal. But it was not to be, as the market took a dive around noon, dropping into the red for awhile before reversing once more and ending the day on a moderately positive note. The S fund didn't fare nearly as well as either C or I, and that happens to be the fund that is losing allocation share among our top 25%.
So the volatility continues. Here's the charts:
These four signals remain on a sell, but the 6 day ema is dropping quickly, so a hard market reversal could easily trigger buy signals with all four of them.
TRIN and TRINQ are flashing buys after today's action, but BPCOMPQ continues to drop. This signal implies that the trend is still down.
Our top 25% are now at their most bearish since I began tracking their allocation. Total stock holdings are about 76%, with a cash level of 20%. Will this trend continue?
So the seven sentinels remain on a sell and volatility continues to rock the market. This is a very challenging market for TSPers, unless you're a buy and hold type. See you tomorrow.
So the volatility continues. Here's the charts:
These four signals remain on a sell, but the 6 day ema is dropping quickly, so a hard market reversal could easily trigger buy signals with all four of them.
TRIN and TRINQ are flashing buys after today's action, but BPCOMPQ continues to drop. This signal implies that the trend is still down.
Our top 25% are now at their most bearish since I began tracking their allocation. Total stock holdings are about 76%, with a cash level of 20%. Will this trend continue?
So the seven sentinels remain on a sell and volatility continues to rock the market. This is a very challenging market for TSPers, unless you're a buy and hold type. See you tomorrow.
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