We came in long the Nasdaq and the Russell, and short the S&Ps. There are definite crosscurrents at hand. The monthly bias has been up, but should now be flipping to the downside. The weekly indicators are largely saying "well, maybe not quite just yet." We're evidently not in a home run mode at the momentâ€"just continuing to hope that the numbers game breaks us out somewhat in the positive direction.
The Biases
Hold all positions. Short mini S&P. Long mini Nasdaq and mini Russell.
The bottom two rows determine the signal. Dynamic Day One trumps everythingâ€"you always follow it. When it's neutral, the Monthly Perpetual provides the direction.
DISCLAIMER: It should not be assumed that the methods, techniques, or indicators presented on 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 on 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.
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