The Biases for June 1

Hold all three index longs.  There may be an arguable point about the core weekly indicator pointing up in the S&Ps and the Nasdaqâ€"after all, in most weeks, the second day tends to reverse the open-to-close action of the first.  The methodology was tested according to what actual day of the week it is, however, rather than what place in the weekly order it holds.  It's a fine point that happens infrequently enough to make it statistically insignificant, but one has to draw the line somewhere.

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.