Although I never turned on the "green light" I had a small UDOW position running last week that turned out to be a winner. I took my profits Friday because I'm still a little uneasy about things on the weekly charts.
Here are my daily calculated scores:
All that said, I don't have a good solid feel about where the market will move next week. The three other blogs I read all spoke of an upcoming May correction, and I feel that they are probably correct in their timing.
I read of an upcoming IMF (international monetary fund) meeting this week.. those are always interesting as European officials tend to throw out some kind of off-the-cuff remark about dangers in the Euro zone that send the market screaming in one direction or the other. I also heard a report on CNBC that succinctly outlined exactly how Cyprus' bailout will not be enough money and they will need more. This could be an interesting week.
GOOD LUCK NEXT WEEK!