Friday, March 05, 2010

SMH on the Black Box

My guess is that a Black Box sell signal on the $SMH daily is coming up pretty quickly.  It’s best to not outthink the Black Box, as it hasn’t given a sell signal just yet, and there are usually multiple signals within a short period.  Not always.  And of course, the Black Box has been known to make a bad call now and then.  I have the trading bruises to prove it, too.


On the weekly, the $SMH remains on the sell signal.



The market is leaving the friendly confines of the 401(k) additions that happen the first few days of the month, too.


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