With the Worden T2108 at 83% and 95% of the Nasdaq 100 stocks closing above their 30 day averages, I am reluctant to take on more long positions now. I am selling calls on long positions and waiting for a drop to support to increase my long positions. Longer term up-trend is up but I suspect we are in for the usual post-earnings release lull.
Dr., do you ever look at any of the Person Pivots or PPS indicators for early trend reversals? I know you said you are taking call option positions but what tells you when to get into those?