The short term trading model has been extremely accurate over the last 45 days or so, almost in an uncanny manner.
I developed this model over two years ago and just really brought it online this year. The most recent 45 days have been the best performance it has achieved since the creation.
With how hot the model has been I have to continue to listen to what it says and continue to confirm it with other fundamental and technical tools.
The following is the forecast from the model from this Monday all the way to Sept 5th.
8/20,8/21 - Down with a 50% retrace of the rally from the most recent lows.
8/22 - Rally with a Reversal, close very close to unchanged.
8/23 - Strong rally putting in the highest point for this forecast period.
8/24-8/28 Choppy with a Downward Bias.
8/29 - Hard Down day with a Test of the lows made on 8/21
8/30-9/5 - Strong Rally of 5% or more and putting in the final high before the retest of the Intermediate Term low 0f 8/16.
Please remember that this is only a guideline and the direction of the model is more important than the values that are created. If this model remains as accurate as it has been then it will give some great insight into the short term direction of the market.
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