No new trades...yet. In a downtrend the trading system uses both up and down price bars, but in different ways. The down bars are in the direction of the trend and generate profits in any puts being held. The up bars are the "set-ups" for the next sell signals. I've shown this on countless charts and will do so again in future alerts. In an ideal situation and downtrend, we will take partial profits during the downtrend and then put that money back upon the next, "Repeat Sell Signal." All of this comes down to the fact that today's first 30 minutes of trading has been up. We will need at least one bar up against the downtrend before any new sell signals can be generated. The best scenario is for two or three counter-trend up price bars which makes a new signal almost a lock as soon as prices turn down again. If the market cannot produce counter-trend bars today, it will so tomorrow, or in the days after that. This pattern was true all the way up in the bull market, and it will be true all the way down in the bear market. In normal times, and with Thanksgiving tomorrow, volatility should slow down for the rest of the wee and Alerts should not be needed. On the other hand, these are not normal times.
