Registered: Sep 2010
08-20-11 08:13 AM
Quote from macroman:
my system spit sell signal for stock markets.
After first sell signal i got 2 weeks or so ago and act mildly also due to my large cash position which is in itself short, as i measure success of the system against index and not in absolute terms, this is really second part of trade where I would double, according to my plan. It will be taken as directional short in indexes.
I will be selling any new highs next week or take sell signals. Will throw in towel around 8% higher.
Plan is to get new lows and then lighten a bit or tighten stop or mix and see how far can this thing go.
Short will be on weak indexes, possibly ASX. Will not bother with individual stocks or sectors.
Couple of factors there: economic trend - realization sets in that recession is knocking on the door, timeline same as in '90 recession.
Possibly AUD will not soften the blow as usual due to external reasons.
AUD market performing poorly compared to others.
China news from chinese sites not good from several fronts.
good call for last week but managed to get in with 20% of position on average. Entering small bits sucks If i was wrong would take full loss.
DAX market did not even go up when others were up. Missed my sell for 40 pts. And then fell the most. I check markets 2x a day so good timing not possible.
I still think lower prices are ahead.
What worries me the most is that there is no good way to employ cash left globally.