There is a simple trading system that has been quite effective in predicting the moves in the S&P 500 index. It is based on going long a turn from a low in the ISM and going short from a turn from a high in the ISM. Based on that system, we should be short as of the June reading.
For today's trading, no strong opinion either way. Tomorrow is the time to put on shorts.
Monday, July 12, 2010
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2 comments:
If it were only that easy!
It doesn't seem like the market wants to wait till tomorrow to dump.
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