Rich Trend Trader's Blog

August 25, 2015

Trend Model BUY Signal Issued EOD 08/24/2015

Filed under: Trend Timing Model — Rich Trend Trader @ 7:07 am

A 3-Sigma day on the market, Trend Model indices (RUT/SML, MID, SPX) all dropped 3-times more than their indices true range.  This is a fairly rare Trend Model BUY signal with the last being issued the EOD on 08/08/2011.  I expect a fairly large snap back rally however, the NYMO is < -100 which would indicate that the market will make at least another low sometime in the future.  Just like in August-October of 2011, the market may rally a bit but then eventually continue the decline as seen going into early October 2011.

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Trend Model SELL Signal Issued EOD on 8/20/2015 BUY Signal Failure

Filed under: Trend Timing Model — Tags: — Rich Trend Trader @ 6:50 am

MAJOR ERROR ON MY PART.  FORGOT THAT WORDPRESS HAS A COMMENT APPROVAL REQUIREMENT AND THIS POST DID NOT GO OUT.  CAME BACK TO THE SITE TO INDICATE AN NEW BUY SIGNAL, WITH CAVEATS, THAT HAS BEEN ISSUED.

The Trend Model indices (RUT/SML, MID, SPX) all closed below the BUY Signal signal check lows and a SELL Signal has been issued.

DISCLAIMER: https://richtrendtrader.wordpress.com/disclaimer-on-information-presented-in-this-blog

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