Market bounces, but will it last?

www.thekirkreport.com) said it best today, “when in doubt, stay out.” Everything tells me to jump in here, but I think I will wait to see if the market settles lower after the obvious jump today. I am certainly not in a hurry (i never am) to take a position and I plan on patiently waiting until another highly probable set-up rolls around. Stay patient and disciplined and always think in probabilities! Mark Douglas, author of Trading in the Zone states it best, “the best traders/investors stay in the flow because they don’t try to get anything from the market; they simply make themselves available so they can take advantage of whatever the market is offering at any given moment”. That pretty much sums up our ETF Extremes strategy and the performance speaks for itself.

Many of you probably think that the last line is an upsell. Well, in a way it is. We are proud of what we have accomplished since we first initiated our service and feel like our strategies are viable alternative investment strategies that are easy to learn and easy to incorporate in a diversified portfolio.

and we will do our best to save you a spot once we make the portfolio live, which will occur after the March expiration cycle.

Overbought/Oversold levels for February 27, 2007

• SPY - 26.7 (oversold)
• DIA - 23.8 (oversold)
• IWM - 29.2 (oversold)
• QQQQ - 24.4 (oversold)
• OIH - 39.8 (neutral)
• GLD - 49.2 (neutral)

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Have a great night! 

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