The 60-minute system is still getting faked out / thrown around. Because we keep getting spike bottoms and tops on no divergence. So I am getting no normal exit signals and only emergency signals.
Oddly, my 15-minute system (which I stopped publishing in Oct 2011) is working quite well in this environment. There is just enough volatile non-trending movement with divergences that manifest on the 15-min timeframe that it can take advantage of and is giving clear signals.
The last few signals from the 15-minute system:
S/L OPEN PRICE CLOSE PRICE GAIN
SHORT 5/30/2012 9:45 132.17 6/4/2012 14:30 127.91 3.22%
LONG 6/4/2012 14:30 127.91 6/7/2012 15:15 132.45 3.55%
SHORT 6/7/2012 15:15 132.45 6/14/2012 11:30 133.15 -0.53%
LONG 6/14/2012 11:30 133.15 6/20/2012 9:45 135.49 1.76%
SHORT 6/20/2012 9:45 135.49 6/25/2012 15:15 131.41 3.01%
LONG 6/25/2012 15:15 131.41 6/28/2012 9:30 132.25 0.64%
SHORT 6/28/2012 9:30 132.25 6/28/2012 15:45 132.79 -0.41%
LONG 6/28/2012 15:45 132.79 7/5/2012 9:45 136.82 3.03%
SHORT 7/5/2012 9:45 136.82 7/12/2012 14:00 133.75 2.24%
LONG 7/12/2012 14:00 133.75 7/16/2012 10:30 135.06 0.98%
SHORT 7/16/2012 10:30 135.06 7/17/2012 12:15 135.98 -0.68%
LONG 7/17/2012 12:15 135.98 open
Based on the phasing of signals, I would expect a roll-over in the next couple of days. This would be consistent with my 'corrective' 60-min MACD setting in the chart below.
I still think the move up is very corrective and this is my best (and likely incorrect) guess as to what's happening.
