market update
thank you to everyone who has been messaging and checking on me. admin team has been forwarding your kind notes and i appreciate them. i have been off twitter and avoiding making short term calls while my own thoughts are clouded. i will be back soon.
the good news is the systems have been performing beyond expectations.
they have been live for almost two years now. i want the new LTF to run live a bit longer before i move to full automation of access.
i like seeing many of you use the system in your own ways and build your own strats. that was always the intent.
in the last update SYSTEM CAUGHT THE CARNAGE i mentioned how the system will flip when we get a bullish reversal.
I was surprised when it did not flip during the initial mean reversion from the lows.
today you see why. it saved you from further pain.
until btc stabilizes and prints a real reversal there is no point staring at alts.
they look bad, like they always do during these sell offs.
will wait for a broad reversal and post an update when i see one.
there is always a bull market somewhere.
right now it is gold and silver. we all hoped it would be btc, but it is what it is.
before my twitter break i tweeted a lot about gold, silver and gold miner plays. those have exploded.
now everyone will start calling the gold top because it is up a lot and fast.
most of that does not come from analysis. i can tell you that.
technically, yes, it is over extended and could mean revert. the system has handled it well and will catch the reversal too.
see you in the next one.