Trend direction: Down
July 30, 2010. Price of Nasdaq Composite on Monday to generate a 'Buy' signal for a trend change: 2290.80 or higher (+36.10, +1.6%).
The Nasdaq was down about 1.5% at the open today (Friday) and started to rally for the remainder of the day and finished up about 3 points. It wasn't enough to trigger a 'Buy' signal but I think after 2 days in a row of the Nasdaq being down about 1.5% intraday and then recovering most of those losses, the bears might be getting exhausted and the rally should continue next week and finally get a 'Buy' signal after being in cash for almost 3 months. Good luck trading!!!
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I have been trading the stock market for over 12 years now and I know one thing for certain, it is extremely difficult to predict the future movements of the stock market. It is much easier to follow the intermediate trends of the stock market then to predict it. You and I cannot affect the direction of the stock market. The direction of the stock market is determined by the billions of dollars invested by hedge funds and mutual funds and I believe the best we can do is follow the intermediate trend when it begins, and to get out when it ends. My system therefore, is a trend following system and never tries to predict which way the market will move in the short term. The direction of the trend , up or down, is irrelevant to me and the reason for the trend, good news - bad news, is irrelevant. My only desire is to trade in the direction of the current trend for as long as it lasts. I have created a purely mechanical system to identify when these intermediate trends begin and end.
Social Security Jitters? Better Prepare Now http://www.nytimes.com/2010/07/31/your-money/31money.html?_r=1&partner=rss&emc=rss
IMF Says U.S. Financial System May Need $76 Billion in Capital http://www.bloomberg.com/news/2010-07-30/imf-says-u-s-banking-system-might-need-as-much-as-76-billion-in-capital.html

My system is very easy to use, and very low risk. In fact, if you had traded my signals from March '03 till now, you would have been in cash for 2½ years of the last 7 years, and still made about 10% per year on the un-leveraged trades and more than 14% per year for the leveraged trades. With only about 4 trades per year, it is not intended for day traders but for conservative traders that want to beat “buy and hold”, but don't have the time to watch the stock market on a daily basis. In 12 years of trading, I have learned that the stock market spends more time in bull markets then it does in bear markets, so I believe using some leverage during a “buy” signal, takes advantage of the predominant time spent in a bull market. On the other hand, I have found it much harder and riskier to make money during a “sell” signal due to the fact the stock market spends much less time in a downtrend then an uptrend. I recommend keeping your money in “cash”, safe and out of harms way during a “sell” signal, and to sit back and relax, and wait for the next “buy” signal.

The stock market was in a bull market from the early 1980's till the early 2000's so the likelihood of the market going sideways, or even worse, going down for the next 5 to 10 years has increased considerably lately. Can you afford to have your mutual funds or your retirement accounts, lose money for the next 5 to 10 years? There are thousands of home foreclosures every month, banks are failing around the world, and 10's of thousands of people are losing their jobs every month. But if you follow my signals starting today, you can be assured that you will not lose your life savings or your retirement account to a declining stock market. And best of all, this service is FREE!!! There is absolutely no obligation to register or subscribe to this service. Just go to the 'Performance' page and you will see the most current signal at the top of the page. Each evening, the results will be updated to reflect the current 'Profit %' of the current signal. My only desire is help investors and traders understand that you don't have to lose 30, 40 or 50% of your money during a bear market.
Are you tired of paying your financial advisor or your stock broker fees and commissions, even when you lose thousands of dollars? If you are, then follow my system, and take control of your financial future. Why pay someone else for something you can do for free!! Don’t let your stock broker or financial adviser tell you that “buy and hold” is the only way to make money in the stock market. They collect fees and commisions from you whether you lose money or make money. If you had invested in the S & P using a "buy and hold" method starting 10 years ago, you would still be down 20%. I am offering this service free of charge to the public now. The 'Cash' signal on the 'Performance' page, as of May 7, 2010, is the most current signal. I hope this service benefits you and helps you make money for yourself and your family. If this service has helped you in anyway, or you have any comments at all regarding this site, please send me an email at oneqtrades@yahoo.com and let me know. If you know anyone that can benefit from this information, pass it on...because remember...it's FREE!!!. Thank you!
Other sites you might be interested in:
The Market Ticker @ http://market-ticker.denninger.net/
Zero Hedge @ http://www.zerohedge.com/
Safehaven @ http://safehaven.com/
Euro Pacific Capital @ http://www.europac.net/