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Yes its certainly starting to look that way.
If July was the top of the ski hill we just went over the second bump.
I've taken some profits on a few items. The others don't warrant
selling yet - but if this continues much longer I might just dust off
those short indicators. And put the long ones away for a while.
When you add up Asia, Brazil, oil, metals, and resulting layoffs (e.g.
Boeing etc.) - the feel of the market has certainly changed from the
springtime.
The second option is to change the way I am using my momentum indicator,
e.g. buy on valleys instead of increasing strength - but that is such a
waiting game and system tests show it to be unprofitable (too many false
signals I guess - have not spent a lot of time on it as it did not look
very profitable from the few tests I did run - maybe I should run
more???).
Guy Tann wrote:
>
> When looking at the Dow or the S&P, it appears that we made a double top on
> Nov 27 or am I imagining things again (those flashbacks from the abuses of
> the 60s <G>)?
>
> Guy
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