MLR - Important Reminder on the Market Direction Model
Earlier this year, the model had five false signals in a row due to a choppy, go-nowhere, trendless market. At that time, we reminded everyone that such challenging environments usually lead to a string of false signals. Fortunately, most everybody stayed on, understanding the situation, and we continued to attract new members, or as we like to say, students, as we consider ourselves and will always consider ourselves students of the market.
That said, the point of this discussion is to remind everyone that strings of true signals are unusual and do come to an end, so stay vigilant in terms of your money management, position sizing, and risk tolerance levels.
Best Wishes for Successful Investing,
Dr. Chris Kacher and Gil Morales
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