Thread by @CaptainScio

1) Good Afternoon. MDT Sell Signal was issued at approx 90 min. before closing bell. This was because there was very little chance of a rally that would bring us back to "hold" again. Normally, this would come after close and then sell Monday. But I don't trust weekends

2) This was a real nail biter and certainly white knuckling for the last week or so. We had so many chances to rally but when the Canary Indicator went into "correction mode" as a heads up and only 2.3% left until the MDT fell into a sell signal, I knew it was going to be tough.

3) It's one thing if the Canary signals correction and we have 10% before an MDT confirming signal, another with such a slim margin. To be clear there simply are too many head winds and more coming up every day. Now let's talk about what this means now that we are out.

4) I have casually called this the "Crash Signal". As many of my followers know, & which I will repeat here again, this does NOT mean a mother of all dumps is coming like it did with the Covid Crash. However, we can't rule this out due to it predicting all of them back to 1929.

5) We are simply going to have to wait and see if it happens and if it does we are in the safety of cash. In fact, we could see a rally on Monday and plenty of people will say I was wrong, but you have to understand that MDT is predicting a trend change for now. So for how long?

6) The short and sweet of it is that we don't know. We have to wait for the markets to tell us when it is safe to return. The shortest time was right after the Covid Crash, about 6 weeks. The longest is a severe bear market of a couple of years....hopefully not this time.

7) We will see ups and downs, maybe even a small rally that gets us close to a trigger to buy only to head fake and go lower. Seasonally there is a rally that starts from March to May, but with May 1 being the end of the Best 6 months, a further correction seems due.

8) February is not a good month either and we are pretty close to entering it. In addition, the January Barometer has very little chance of being positive from the 1st of the month. History has shown that when this happens "most of the time" the year ends negative.

9) It looks like this year we are going to be in a constant battle, interest rate hikes, Covid, supply chain issues, mid term election seasonals aren't good, a president with low ratings, and it seems to be increasing. Seems like a batten down the hatches period of time.

10) Some of you may be wondering why I sold my #BTC as well as my holdings in the #stockmarket. It wasn't a tough decision once I kept looking at the DMI, MACD and SAR and especially the SAR on the Weekly. But still, didn't I say I was going to keep dollar cost averaging?

11) Yes and this is certainly an option if you wish to do it, but I'm going to pay off my car and put a little more cushion in the bank. If the sell signal follows the same pattern as the last time, everything went down, #stocks, #bonds, #gold, #metals, #BTC and all #Crypto.

12) So how did the market entry signal do? Well, the buy came in March 2020. #BTC was about $6000 at the time and the index ETF's have risen 30-40% depending on which ones you used and that was good enough to kick some serious ass. Now we just have to wait for the next one.

13) As for my posts, I will keep them up and keep going. I may take a different stance while waiting, perhaps a very small amount for swing trades to keep me busy. But I do relish the time when I get a sell signal to take a breath as well. I won't forget a new MDT buy signal.

14) If you have questions, feel free to shoot them to me. I will do my best to answer them. Peace, Love, Herbal Tea.