Buy Signal: It's Dead, Jim

Just last week, I mentioned the follow-through day buy signal. It died yesterday with the new lows set in the market. Whipsaw for those chasing that one.

In addition, last week Gary Kaltbaum indicated on his radio show that he had taken a position in the market. Later he revealed that it was just a 10% position in a market index. He closed that position yesterday.

I remain long and riding down the bear market. Woot. I don't think now is the time to initiate sales. But it sure feels dire.