For September 7, we're going to pretty much echo yesterday's commentary.  True, we got spanked royally, but the fact remains, the sell signals are now even more pronounced.  The monthly signals have just turned negative, joining the otherwise universal sell chorus.  The daily indicators remain bearish, which the “other” indicators still confirm.  Can the perverse market action continue?�"obviously we can't guarantee it won't.  But our personal money is committed to the short side, and some feeble fundamental razzle-dazzle (gas has come down, and they're getting people out of New Orleans at a snail's pace rather than a turtle pace) isn't quite enough to make us change course.

Dynamic Monthly Biases for September 7

Hold all short positions.

The bottom two rows determine the signal.  Dynamic Day One trumps everything�"you always follow it.  When it's neutral, the Monthly Perpetual provides the direction.  Click here for a more in-depth explanation of the rules.

Daily CzarChart for September 7

The bottom row provides the direction of the bias at the open: long (L) or short (S).  When it's neutral, it will read zero (0).  Click here for a more in-depth explanation of the rules.

DISCLAIMER: It should not be assumed that the methods, techniques, or indicators presented in this column will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented in this column are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The author, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.

Art Collins is the author of Market Beaters, a collection of interviews with renowned mechanical traders. He is currently working on a second volume. E-mail Art at artcollins@ameritech.net.