The market seems to be making mincemeat of MensaMonkey by
causing MM to buy high and sell low since the beginning of the year.
The third trade in almost as many weeks was
triggered fifteen minutes before the close today when MM dumped the QQQ's and
went right back to the PSQ.
Since the
QQQ's have remained in a tight channel, the damage has not reached the point of
no return...yet.
MensaMonkey is not concerned as mechanical systems have no
emotions, although he calmly points out, through an array of 1's and 0's along
with flashing green and red lights, that this is the first time that the short-term
and long-term signals have flashed "sell" at the same time this year.
Was MM just a little bit early when he was calling for a
major market meltdown?
Was he seeing a February
nose-dive back in January?
I don't know
the answer to that, but I have no choice but to follow the fickle finger of
this hyperactive "market-timer".
The current trade is posted in the left sidebar, and the year
to date results will be posted shortly.
I can tell you that MM is in the "red" by at least 2%, Not a great start but price action is what it
is, and eventually a trend worth following will emerge. If not, I may have to start thinking for myself...and I don't really want to do that.