THE NEW BUY SIGNAL
I have adjusted the price bar from Monday to show the new signal that has revealed itself. What you need to do is just pick any market anywhere and look for this situation and just blindly buy it. This goes contra to my 28 years of studying the markets, but it is absolutely what you have to do now. We have had yet another overnight explosion up in everything and crunching of the Dollar, and there is not really any reason to believe this is going to end any time soon. We have the strongest bull markets ever and I think now it is prudent to just plain ignore any sell signal of any type in any market. It does not matter how many decades your signals might have worked, they will not now.
Yes I got lucky making some money being short Soybeans recently but I just have to call that a fluke. I have tried sells in other markets and none of them have worked. It is strictly a long side market everywhere so that is what you have to be geared towards. The reasons do not matter, this is what it is. I will not post any more commentary at all on any reason why I think there might actually be a decline anywhere. Even though I have studied some of the things I talk about in here for many many years, they are all ineffective right now. Of course the one exception is the Dollar which trades opposite the stock and commodity markets now, so it is going down.
I strongly suggest now just waiting for minor pullbacks in any market you trade and just buying them. There will come a point at some time when this will change, but now is not a time to try and trade both sides of the markets the trends are just too strong. There is no short side.
I was looking at longs in the Euro, RB, Aussie and Swiss for today, but one of my filters was just not giving me the go ahead unfortunately. As a result I sit here watching another horse leaving the barn, oh well. The good news is that I can now re-launch my stand up comedy career with my one joke, "THE MARKETS WILL HAVE A DOWN DAY ONCE." This is sure to garner huge laughs again and also heckling from the back of the room. If you are the village idiot you should be laughed at. I have been the village idiot this week who did not read the memo. I did not realize you just blindly buy markets that are free falling.
Here is how the Dollar Index looks now and what I find interesting is that my Synthetic indicator is not moving up at all even on this huge down move we are having today. This is one of the reasons I like this work in progress, it just does not blindly go up every time price goes down. It is why it has so much potential. However, I still have not studied it enough to use it to make trades yet. I would normally look that this as a potential trap if it were to reverse tomorrow but this market is just in a free fall now that it recently took out the 2008 lows, so there is really no telling where it will stop. The government is deliberately devaluing this and as we all know they have quite a bit of power to do what they want. I see no reason to buy this here now at all.
I do not have much more to say today than this. My trading has just been awful the last couple of weeks, and I have missed this explosion again to the upside. You always get the honest answers from me and that is why I feel I set myself apart from most people. I don't come on every day and tell you how great I am and how I caught every move and never lost on anything. I am sure some of my readers are trading better than I am right now. I am not trading these markets well at the moment so I am not doing much trading today.