Dashboard on “1” SELL Signal on September 14
In preparing the weekend blog, I missed the SELL signal on Indicator #8 (see chart below). I didn’t see the earlier SELL signal on the upper part of the chart in early September. Therefore, with the MACD crossover on Friday on the lower portion of the chart, the BDH signal on Indicator #8 should have been a SELL signal and the BDH Dashboard should have been changed to a “1” SELL on the Dashboard. That would have resulted in a selling of all ETF positions on the open today, Monday. Unfortunately, today was a big down day, so we lost that opportunity to minimize our losses.
Interestingly, no visitors to my website or subscribers caught that mistake and no one contacted me this weekend. I was unaware of it until I looked at the charts tonight. The question is what do we do now. I will sell all ETFs on the open tomorrow so we will be 100% in cash. You can decide how you want to handle this situation as it is your decision.
I apologize to everyone for this oversight.