the lower channel figure of 9277 held nicely as the DJIA dipped this morning. we are still flat in the channel of death 9277-9333 but will enter when system signal fires.
stopped out, via trailing stops, after catching a nice wave down triggered by system for a measly 5 point profit. currently the djia is back in the channel and we are FLAT. awaiting next signal.
the long signal fired when 9333 was violated. the line at 9333 held nicely when tested . we are LONG but a little nervous entering wednesday. following system regardless of ANYTHING.
the DJIA uncannily closed exactly on the upper channel figure of 9333. this indicates indecision on the next move--- i am LONG betting on further upside from here with stops at 9297 at this time to get me OUT should the analysis be proven faulty.
after a relaxing day, the system is SMOKING ! we continue to ride a nice nice upwave off the upper channel figure and are holding LONGS overnight once again.