Quazimoto’s Market Direction Indicator has done it again. Ignoring the daily market noise, the indicator successfully predicted the last major downturn. Take a look at the Nasdaq chart below. The month of September, minus a few upward anomalies, is down all the way. Quazi picked up on this around September 4th. Anyone who has looked at our stop light on the right side of this site could easily follow along by heeding the signal. Click on the stop light for a more detailed explanation. As of yesterday the light has turned green indicating buying opportunities are approaching but with the recent wild market swings, the light could easily go back to a cautious yellow. Stay tuned.
