Was hoping to see an update on the Paint Dry System the last couple weekends  ?

    iaranger - I discussed that

    Posted by matt on 12th of Nov 2018 at 11:22 am

    iaranger - I discussed that in my last weekend newsletter, Steve will never discuss it in his.  I also discussed it on the blog here quite a few times responding to questions like yours and others and I updated the Long Term tools section, read what I wrote here last time this  was asked and go to that section.  It has not flipped yet, but as I state, it's now looking for an opportunity. At the very moment it would take a close below Oct lows to flip it red. Otherwise what will likely happen is that it will flip sometime in the new few months hopefully on a lower high bounce that then peters out.  The slope of the BPT MA moving average is now negative.  Remember topping is a process and it's hard to flip that, it will never ever catch tops. Even in Jan 31 2008 when that flipped the SPX was 12% off the highs, it doesn't look like that from the chart because the rest of the 2008 declines were so strong that it flattens that out, still a great exit since the SPX fell about 50% from the highs. The system is much more timely at bear market bottoms catching them many times a few weeks off the lows. But for tops i needs confirmation and it will not catch them at the highs, always misses them because of needing confirmation. Very tough to catch tops.

    https://breakpointtrades.com/long_term_tools/401_K_long_term/

    read what i wrote at the top of that section, nothing has changed since that

    Thanks  I missed seeing it

    Posted by iaranger on 12th of Nov 2018 at 11:23 am

    Thanks  I missed seeing it last weekends update My bad   Again Thanks

    I updated my post with

    Posted by matt on 12th of Nov 2018 at 11:29 am

    I updated my post with some more info and a chart, refresh the blog to see the update post

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