Well the vma did not get high enough to go on a sell.
I correctly pointed out yesterday that once the vma has such a large decline it doesn’t pay to try to jump the gun & get on board.
I added to my short position this morning at the fix.
With the stock market continuing lower the cci can only remain on a sell. Nevertheless as I have pointed out in the past the best part of a sell is the first few days. This has now come & with today it has past.
Therefore at the fix tomorrow I will cover 1/2 of the short & I will not attempt to buy long until the vma gets a sell & then goes on a buy.Once the vma gets a new buy I plan to load up (to 150-200%) as the vma needs to recoup its losses. I also feel that considering what is going on the metals should be higher.
In short I am short & plan to remain at least 50% short for a few days. After that I would like to load up on the long side.

Tags: Silver trading

This entry was posted on Thursday, January 15th, 2009 at 12:00 am and is filed under V.M.A silver trading system. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.