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I highly recommend You guys read Seven Sentinels newsletter. A weekly one will be published at 6pm EST tonight and be open for viewing for 30 minutes to the public. Likely will go through what we need to see for an intermediate term bottom. Guarantee you won’t be disappointed. I subscribe to him and Rambus and SKI Gold. Rambus provides the Technical analysis and Seven Sentinels the signals from a completely different angle. It’s free tonight. You can also follow his intraday updates for free on twitter, but can’t access the commentary.
Interesting…how would you rate this newsletter dadoc?
Would you suggest it for short/intermediate term traders or for long term investors?
What I have undertstand is that they don’t try to anticipate the market but they act when all the signals they think are
important (the 7 sentinels) are aligned.
Daddoc, I went to the site but nothing looked free and required a login. Any tips?
Nothing earth shattering in tonight’s free report. He uses NYAD and NAAD (advance decline lines) and divergences to uncannily pick possible reversals before they happen. This week the reversal was attempted then failed and was portended by the weak Breadth of the market. I now follow Both above indicators intraday relative to the price of the market to help me navigate.
I am short, but covered about 1/2 my position this past week as at anytime we could have a marked rip roaring reversal. My plan is to reshort at any backtests of prior resistance if we get there. But, if we hit the August lows this week I will likely lighten up a bit more on the short side due to the risk. However, I intend to keep some runners in case we do have a full blown crash.
Thanks for passing this along….I’m assuming that you covered half you PM position? I went on the site and one thing I did like is the analyst is ONLY looking at the trend–he NEVER considers what the Fed is about to do ; what the non farm payrolls will be, what the unemployment rate will be—so it’s like the Matrix plan where everything you need to consider is in the charts
Thanks. Took a one-month trial subscription at $37.50 30 days should be enough time to decide whether to go all-in or not.