Tuesday, October 03, 2006

Week 40

Profunds system:

We got no signal, therefore we could keep open tcpix or go to cash. We decided to close it today, eod, because the strongest signals we got, although didn't past the filters, suggest a weakness in the tech market.
Those signals were:
ujpix (Japan), uupix (ultra emerging markets) and uipix (ultra international).

Interestingly the following funds will have a buy signal if closing prices are above the limit in parenthesis:
shpix (18.31), ucpix (17.07) and uipix (17.36). Those are inverse funds, which suggest the weakness mentioned.

IMS system:
Remains long QQQQ, this system is updated daily.

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