Last week I wrote: "Monday the SATS5 expert turned red. Thinking about a possible manual interference I may have decided to wait for the next day, because the low price was very close to the lower side of the up moving pitchfork and close to the 100 day average. And since I introduced the band break system, we can also see here that the closing price is holding on the low side of the band. However since we just follow the auto trades of the expert here, we closed the long trade. Now we have probably started a smaller wave 3 up, an extension for the next higher order wave 5. This should be confirmed next week with a price above the previous higher order wave top 3. All indicators are turning up in a convergent move so that this scenario has a good chance".
As expected, a manual interference not closing the long trade would have been the correct decision. Also the idea of a possible price move above the top of the previous wave (3) was correct. Short term there may be a small correction, but medium term I expect a further move up. The SATS5 expert turned green on Tuesday. We open a new long position. There is a total realized profit of 54.7%. All trading entries and results can be found at the bottom of this page. You can follow up FREE SATS5 signals at http://stocata.org/ for 42 stocks. (Now 20.0% realized profit since September 2010).