If you believe the oscillator going short is no brainer.
----- Original Message -----
From: Leif Peterson
To: [email protected]
Sent: May 07, 2010 2:10 AM
Subject: [amibroker] Re: Wow what a plunge !
For end-of-day (EOD) trading, during periods of high volatility, use the
end-of-day HEIKIN-ASHI CANDLESTICK OSCILLATOR (by Sylvain Vervoort) on
stock symbol ^GSPC (SP500), and stay out of markets until the green
shading appears again. This indicator suggested getting out on 5/3.
For asset preservation, I would suggest only getting back in when the
green shading appears again -- which may be several weeks from now.
The dollar is going up during this period, so UUP (bull dollar ETF) is
doing well. Also, FXY (Japanese Yen) seems to be doing well. Pimco's
PTTRX total return bond (corporate and Treasury) is a bond fund that's
also doing well right now. The entire world is currently jumping on
the dollar for safety, and much less for US stocks -- so be sure to
watch UUP. If things get really bad (-30-40%), put everything in a
short-term US Treasury money market, since an "I owe you" from the US
Gov't is the safest thing on the planet. At this point, would not have
cash -- but rather short-term US Treasuries. (the dollar can crash and
burn due to our own debt, but US Treasuries are an IOU.). Gold is
another option, but never do more than 10-15% of your portfolio in gold.
When the storm is over, get back into stocks.
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