Steve - would it be a good move to wait for the Monday "pop" which seems to be norm over the past weeks / months? Although it would likely pop and drop, seems like Mondays tend to have upside bias, even if short lived.
DJD, My basic rule is that when I1 is down and the DJI rallies to the 5-minute, 380-unit M/A that you don't finesse it. If DJI rallies to 10,260 just take the gift. We only have 5 trading sessions until the I1 bottom.
Steve
ReplyDeleteSo, we should have just completed a 3 wave corrective wave up and that’s all she wrote for today. Finish around DJI 1010 at 4?
Jack C
I believe that DJI will exceed 10,260. That's when I'll go in with my largest chunk.
ReplyDeleteSteve - would it be a good move to wait for the Monday "pop" which seems to be norm over the past weeks / months? Although it would likely pop and drop, seems like Mondays tend to have upside bias, even if short lived.
ReplyDeleteDJD,
ReplyDeleteMy basic rule is that when I1 is down and the DJI rallies to the 5-minute, 380-unit M/A that you don't finesse it. If DJI rallies to 10,260 just take the gift. We only have 5 trading sessions until the I1 bottom.
Makes sense, thanks for the advice.
ReplyDeleteDJD,
ReplyDeleteSo we'll wait until Monday for the event anyway.