TTT Update

A weekend Update for TREND Technical Trader susbcribers will be posted Sunday afternoon, EST, once there's been a chance to study the current charts and positions.

For now a recap, as the past two weeks are very worthy of review.  That's the best way to learn why or why not our commentary and trading Indicators are helping you to succeed.

Note : This posting will not be of interest to conservative or long-term investors.  Those readers we wish to inform that the Weekly and Monthly STI levels will remain unchanged next week.  The bear is not yet hibernating.

----------

First we begin with our extremely accurate shorting of silver, at just pennies from the highs in late August.  We booked 98% gains on half the effective silver short position (via ZSL) Monday morning September 26, and on the 27th suggested : "If very much wishing to buy back the 1/2 sold, do so under $15.  We 'officially' suggest repurchase of the 1/2 if it trades below $14."

The following evening we were lucky to be able to write : "ZSL started the day below $15 then moved consistently higher, closing over 15% higher than the open.  Fantastic.  If you bought half of it back today, strongly consider taking those virtually immediate big profits on that half."

This week, our luck continued.  Thursday evening we noted : "ZSL dipped below $14 and below that level we've suggested repurchasing the sold 1/2 position.  Thus we now mark it as an open full position once again."

On Friday ZSL's low was $13.52 before rocketing up to as high as $15.15 which is 8% higher than our suggested re-entry of $14 or lower.  The possiblity for a bounce higher in silver remains, however we'll stick with our fully short positions in both silver and gold.  Both have been very good to us on the way up and down.  Those more conservative will look for the lower ZSL re-entry levels suggested in Thursday's daily Update.

As for equities, the week of September 26 our Updates essentially consisted of cautions regarding upside resistance for the market and to take profits any time longs were doing well.  Tuesday through Friday saw the market doing well early, then selling off hard each day. 

By Monday of this past week of October 03, markets were tanking worldwide and in that evening's Update we advised : "PLEASE NOTE : Market crashes often end in October [...].  Also market turns often happen on a Tuesday." and "As everyone panics over a possible market crash and economic collapse, we're hedged and looking ahead to the coming rallies."

Specifically we suggested watching on Tuesday for the market to be down again significantly, then possibly rally into positive territory which would be a bullish signal.  Tuesday that's just what happened.

In fact, on Tuesday the DJIA bounced from exactly one of the key lines we had included on the DJIA chart presented to subscribers on September 15.  We had recently been writing that DJIA 10600 should be a safe re-entry, but we felt the index would go lower.  The index bottomed circa 10450 on Tuesday, and by Friday morning it was nearly 800 points higher when it peaked at 11232.

That Tuesday evening, in the daily Update we wrote : "Likely a rally has begun that'll last at least another day or two."  The rally lasted two more days.

Also that evening we noted that our hedge position, a short in GMCR held since August, was showing 22% gains at the lows that morning and we stated that the position should be closed immediately or at our lowered stop level.  At that stop level, which GMCR reached later in the week, those in the position from the suggested entry range were ahead roughly 10-15%. 

Wednesday evening we wrote : "Wednesday was likely day 2 of a 3-day rally, and if so Thursday should see the DJIA head up to around the 11200 level."  

Thursday the DJIA was up a big 183 points, but not yet to the 11200 level.  That Thursday evening, we wrote : "Those who went long BGU this morning, per last night's change to bullish on the Daily STI, were up 6% at the close.  If you're holding BGU we suggest taking some, or all, of the gains that present themselves if the market rallies much Friday morning.  Especially if the DJIA is up around 11200.  Friday we'll expect some carry-through in the current market rally and maybe a sell-off mid/late-day as skittish longs book the gains of the past few days."  

Friday the market high was just over 11200 twice, early morning and late afternoon, then sold off both times to a loss, including at the close of trading.  At that 11200 level where we'd suggesting watching for a reversal and considering selling out of the BGU long position, BGU was up 8% from Thursday morning (the morning after the Daily STI bullish signal).  This on the heels of BGZ being up as much as 12.5% from the last Daily STI bearish signal, or +22% from when it crossed over the Daily STI pivot intraday. 

Anyone successfully trading as has been suggested should have done extremely well lately, and be positioned comfortably over the weekend.  It would've required little more than a few minutes reading each day of our Updates, and the conviction to actualize that commentary.  Those who did not, we implore you to review your methods.  It is important to partake of such good fortune and bounty, and make good use of our commentary and proprietary Indicators, especially while the vast majority of investors and speculators are losing big. 

We wish a good weekend to all.