Yes, and if the market were to come down to re-visit the lows that would stun a lot of people. After all, it was supposed to go up with 763 Euros behind it. With my stop so close I am comfortable with this short, with the confidence that I am definitely a contrarian at this moment in time.
Steve, thanks for the insights, this is a truly difficult time to navigate, alot of emotions but with the I1 it provides an incredible roadmap - it is an awesome piece of work!! Regarding the markets, I think the next leg down will be the "back-breaker" for the bulls.....
Steve As you stated in your Home page, a strong conviction in I1 is important in being on the right side of the trade even in the most volatile times. I am 100% short and have not wavered since the 4/29 top moving toward the 6/8 sell signal.
Thanks for kind words. It took a long time to develop. Yes, another leg down would be it's own "shock and awe". I'll be content today and/or tomorrow to get 500 dow points off the high.
Steve
ReplyDeleteLooking at the DJI 4 day 1 hour chart shows the trend is still nicely in place.
Yes, and if the market were to come down to re-visit the lows that would stun a lot of people. After all, it was supposed to go up with 763 Euros behind it. With my stop so close I am comfortable with this short, with the confidence that I am definitely a contrarian at this moment in time.
ReplyDeleteSteve, thanks for the insights, this is a truly difficult time to navigate, alot of emotions but with the I1 it provides an incredible roadmap - it is an awesome piece of work!! Regarding the markets, I think the next leg down will be the "back-breaker" for the bulls.....
ReplyDeleteSteve
ReplyDeleteAs you stated in your Home page, a strong conviction in I1 is important in being on the right side of the trade even in the most volatile times. I am 100% short and have not wavered since the 4/29 top moving toward the 6/8 sell signal.
Thanks for kind words. It took a long time to develop. Yes, another leg down would be it's own "shock and awe". I'll be content today and/or tomorrow to get 500 dow points off the high.
ReplyDelete