Oct 25

The trend up yesterday turned out to be very transitory indeed. It could have been sustained with a sideways day today, but not with a gap down and then the selloff in the first 5 minutes the size of which we had.

So my 60-min Trend System issued a sell signal right after the open today. See here and here (which leaves a fairly small profit on the position opened Friday), and then after the day wore on a short signal was given. See here and here. (These updates are sent out as part of my Trend System Notifications).

No idea if this is just a correction or the start of something bigger, so we will just see where this goes.