Update 1/7/2013 4pm EST: The System is now bearish with a Score of 4 but position-less. It will go short at the next break of 4hr support which is currently 1456.62. A perfect scenario would be another tiny failed rally tomorrow morning possibly to a new high with more negd before rolling over to give us a good entry. Maybe more later...
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The System stopped out at 1461 due to the Score and stop. The Score is 5.5 which I normally round up but could have justified a short position especially since the Score is mere ticks from 5. But I don't have a strict policy yet on 4.5 or 5.5 so I just went flat. The System will retry a long at a new high and is likely to go short on the next failed rally that falls below 4hr support. I'll keep you posted as best I can from my mobile. Good luck.
Monday, January 7, 2013
Mon 1/7/2013. Daily Update.
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