Well today was a shaky day on the market and by the end of the day of the indexes that I’m about to show you were up, but not by much. Remember a few post back when I said that one index by itself does not make an indicator, but several saying the same thing would? The European index has had three red flag days in a row, which buy itself means bailout. The Dow 30 just had it’s second day in a row with a red flag. The S&P500, Small Cap, and the Nasdaq all flashed a red flag today. So do you bail tomorrow? That is totally up to you, I just tell you what I see. One more note and then the conclusion, the MACD and the RSI on all charts are not quite yet in alignment with the signals and could be lagging.
Conclusion? I will need a second day in a row with a red flag, no gaps, to confirm the signal. Then the day after I will be bailing from the C-fund and the S-fund. I can always get back in. Thursday I am hopeful that the day is green, but if not then Friday between 11am and 12pm I will be making my decision to stay in or bail. I will attempt to post here no later than 11:15am my intentions.
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