Steve, I am back in the green after yesterday, but not as much as could have been if I had traded smarter. What does the I1 look like going forward? Are you looking at a longer-term hold until July bottom or going to wait until I1 turns back down? Have you changed your wavecount to the EWI count or vice-versa? Technically, the market is in a dangerous spot...third lower high has been registered which is usually where a decline accelerates but it's over a weekend where who knows what they will do to stem the red tide. Cheers, Charles
Steve,
ReplyDeleteI am back in the green after yesterday, but not as much as could have been if I had traded smarter. What does the I1 look like going forward? Are you looking at a longer-term hold until July bottom or going to wait until I1 turns back down? Have you changed your wavecount to the EWI count or vice-versa? Technically, the market is in a dangerous spot...third lower high has been registered which is usually where a decline accelerates but it's over a weekend where who knows what they will do to stem the red tide.
Cheers,
Charles
Hi Charles,
ReplyDeleteI tried to answer your questions in the Weekly. I'm not expecting shenanigans over the weekend.