The power of the Confirmed Down call has nailed market timing again!
We got the Confirmed Down Call on 13 September this year. This call was spot on, this was just about at the top of the market. A confirmed Down Call is our most conservative market timing signal.
To get a confirmed down call:
- Price – The price of the VectorVest composite (VVC/AU, which is the indexed average of all the stocks we track) has decreased five-trading-day-period over five-trading-day-period for two consecutive five-trading-day-periods. The price of the VVC/AU has decreased from the prior day.
- MTI – The Marketing Timing Indicator (MTI) is less than 1.00.
At VectorVest we advocate caution when we get a Confirmed Down Call. Since 13 September, the market has fallen over 8%. Keep a close eye on market timing and await the next confirmed Up Call! The last confirmed Up Call took place on 26 April, with the market rallying over 5%. It’s all about keeping on the right side of the market… let the market be your friend. Don’t try fight the market, let the market come to you…
DISCLAIMER: THE ABOVE ARTICLE DOES NOT CONSTITUTE FINANCIAL ADVICE. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. YOU SHOULD CONSULT WITH YOUR LEGAL, TAX, FINANCIAL, AND OTHER ADVISERS PRIOR TO MAKING ANY INVESTMENT