Most recently, after a temporary setback shown by negative price/volume action on the part of major averages and commodities including precious metals which caused the model to switch to a sell then turn to the safety of cash after the failsafe was hit, the model is back on a buy signal. The uptrend that started earlier this year is still intact as shown not just by the major averages which have recovered their losses, but also by leading stocks, as shown by the various pocket pivot reports we have emailed.
Markets can be tricky, especially when certain negative price/volume action occurrences in the market can push the model into a sell or neutral signal, as such drops can accelerate quickly, much as the model's sell signal on August 2, 2011 showed. As the saying goes, there are the quick and there are the dead, so history has shown it is better to be quick to switch in such cases, provided negative price/volume action of key indices and stocks concur, even though not all such switches will work.
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