A few days ago I posted the SMH Quick Step setup and yesterday’s close was the programmed timed exit for the latest trade . . which produced a nice 8.4% gain over 6 days. The fixed bar exit turned out to be perfectly timed as today’s open showed SMH (and EEM) two of the weaker components of the Lazy Man portfolio. Since we have already stated our reluctance to trade the short side of the Quick Step setup it’s simply now a matter of waiting for the next Long signal to trigger. Given all the dynamic factors that effect price it’s frankly surprising to an old geezer trader like myself when these simple deterministic timing models perform so well.
Related posts:
