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Its always difficult to take action on Friday if I didn’t take the correct action at the beginning of a trading signal which was…to buy on 6-10-11 (Friday) and hold until a long signal in the timing system appeared. I went short for a brief period caught a little of that. Overstayed a bit long …

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I said this on Friday, “I have some decent buy signal on the COMPX here, but I think there will be carry over into next week. I’ll look to go long on Monday. The reasons I didn’t act today (and they might not be right) on the long side were related to fear. The whole …

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When that top line turns red. I’ll let you know. Near the top of the move you can expect a 2-4%er on the upside in the indexes. When that happens MAYBE, we can get that pullback people have been dreaming about, but really why fight it? All the rally questioning on the blogosphere is getting …

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Based on what I’m supposed to do, I should be ignoring whatever pullback happens until it breaks. So currently I don’t care about the pullback. One thing I am concerned about is the negative divergence in the daily RSI (pick your setting). On 9-23-10 the COMPX closed lower than where we closed today, yet the …

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I’m looking for a pullback over the next 1-2 days. I don’t know how big it will be, most likely not big at all. Sometimes you can even get a hammer type day as the pullback. The longs I “robotically” bought I opened on 9-12-10 closed out today at 10% on the 2x COMPX funds …

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