Note the extreme negative interest rate numbers on the Daily CzarChart. The indexes have suddenly gotten indecisive, but we don't expect that to last long.
Dynamic Monthly Biases for October 10
Flip from long to short in the Nasdaq. Hold longs in S&Ps and Russell.
Daily CzarChart for October 10
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. Art is speaking at the Las Vegas Traders Expo in December. E-mail him at artcollins@ameritech.net.