Jim Rohrbach, a top timer for over three decades -- and one who successfully side-stepped the recent decline -- just issued a buy signal for the NYSE in his Investment Models.
"I am a mechanical investor. Each day my proprietary RIX indicator converts the stock market action into numbers that represent the trend of the market. These numbers then trigger buy or sell signals for the NYSE and the Nasdaq. It's that simple.
"And because the readings are mathematical, there is subjective interpretations. No guessing, no predicting, and no anticipating. I never try to out-guess my strategy. I act on every signal, without question, because I know that over the past 36 years I have caught every major up move and I have avoided every major decline.
"Big up moves do not come very frequently, so you have to take advantage of it by staying in the market until it peaks and turns down. I am going 100% invested today. I believe that the market can give us a nice up move from here.
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