Win, lose or draw, there's nothing indecisive about our current signals.  We reversed our remaining long positions on Tuesday's open, largely on the mandate of the monthly indicator.  For Wednesday, the monthly still says be short and so do two out of the three dailies.  (The dissenting S&P day signal is neutralized by another signal, which means the monthly sell signal prevails.)

We also have some relatively infrequent additional sell signs popping upâ€"namely the 5-Day Indicator in the Nasdaq and Russell and Cap Formations in all three.  Click here for explanation of these systems.

Could be interesting, Captain, as Mr. Spock would say.

The Biases

Stay short all three indexes.

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.  Click here for a more in-depth explanation of the rules.

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.