I really wish I would have a crystal ball for this week. I am not sure what will happen but I do know there will be lots of action. There are reports almost every day the will move the market….
Here are the syatem stats. The Vma is on a sell from Fridays fix. The Cci also went on a sell as of Fridays fix. Though the only time that I can sell this silver is at the fix of monday.
Now based on the Cci sell signal I now can go short the siulver market. Therefore on the fix on Monday I am going from a 50% long to at a minimum of 50% short.
The remainder of the short will have to wait until before the fix as I need to see 2 things.
1) where the stock market is before the fix. Since the Cci is based on the stock market I would like to see this market down to give me more confidence in this signal. As an advance in the market will reverse the Cci sell.
2) Will mOndays fix be below Fridays or above it. This is important because the Vma will remain on the sell only if the fix on Monday is greater then Fridays fix. I want Monday fix to be higher to give me more confidence in this sell signal.
One important thing to remember is the the Cci works best on the long side but the first few days of a sell usually give a great downside push. So if the market is down this is helping to set up an explosive sell signal.
As of now on sunday evening at 7:15 I am hopeing that a full fledged sell is going to happen but I wont know this for sure until the morning.
Silver Update for Sunday evening
Cci Trading system
The Cci buys & sells silver based on the London fix. This system is longer term in nature as it will hold the position from 1 day to a few weeks. The Cci uses the dow’s close to determine if it should be long or short. Therefore very close to a signal if the dow makes a large move then the system will show that it is long or short from the fix which alreday came out at 7:A.M.
V.M.A silver trading system
The Vma is a very short term trading system. It buys & sells silver on the London silver fix. The Vma which stands for Vairiable Moveing Average is a clear cut number & if the fix is below this number then the system buys on the fix & if the fix is above this number then the system goes short.
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The CCI as of 12/31/08
Well the cci had a buy signal today. The system will show that it had its buy as of the fix this morning. Now while the signal was pretty sure to come as the dow would have even been able to be down on the day & the system would have kicked in. Nevertheless the only time you can really be able to buy will be at the next fix. So basis the Cci we are now long & I will update next as we start to get close to a sell signal.
The Cci. Introduction
The Cci is an intermidate silver trading system. I stumbled across it about one year ago. The Cci in itself is a prepackaged trading system that comes along with most charting programs. My Cci is very differant because by mistake I had not changed the defaults of a differant system so at the end my Cci system is useing the dow closeing price as what determines weather silver is on a buy or sell signal. The best thing about it is that this works. The biggest short comeing is the fact that it is useing the dow’s close & it is buying silver at the same days open. In reality most of the time you would not know when the silver prices comes out in the A.M. how the dow will close that day. The results for the next day trading are about the same. The system works much better on the long side then on the short side.