So I wanted to quickly share with you my logic and the system trigger that forced me to liquidate most of my positions yesterday.
So, on Friday I discussed at length about the deteriorating market conditions.
And that India was standing strong, but could follow suit.
And that the best thing for our market was to have a lower pivot which is a higher low sooner than later.
Unfortunately, Monday morning the selling came and my key long-term breadth indicators flashed bearish transitory signs. And I decided to pull the plug around 10.15 in the morning:
(PS: I am not by any means trying to imply what I did was correct. I am merely trying to show you the system I have and why it guided me to do what I did)
So, what were these triggers?
The High Low Index:
Took a nose dive and made a lower low for the first time in this bull run.
Read this article below to see how to interpret High high-low index.
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