As the markets are closed today, the news is that markets are crashing around the world and the Dow Futures are down 450 points. I have read a number of market commentaries this past week on why the market is due for a bounce due to the severe oversold condition. Some have even called for the 9 month cycle low last week. To be fair, some analysts have said that in bear markets traditional indicators are not reliable in predicting market bottoms.
The current situation highlights the value of price, volume and breadth based systems that do not rely on forecasting models. For those who have remained short with the VLA System, this week should offer continued gains.
The VLA System has been short the QQQQs from 1/3/08 at 50.40 and is presently up 10.0%.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment