Value of Perfect Information

Today could not have followed the scenario I laid out in past posts any better. My advice now is to disregard all my upcoming posts because streaks must end. I thought I would evaluate a weekly chart tonight to get everyone on the same page with where I think we are going. I may be wrong, but at least you’ll know what my thoughts are. 

I don’t expect much more downside for this weekly bar. I would not be surprised to see a choppy morning tomorrow where profits are secured during a W4. I’m through trading until Monday. That’s my best trading recommendation for tomorrow ~ guaranteed to not lose anything in your account. I hope everyone got a chance to ride at least part of this wave down. The past two days have given me more confidence in my opinion on the market in the short – intermediate term. I’ll feel even better when daily Wave B (884.25) is taken out. That probably won’t happen without at least some retracing of this latest spike down. So be on your toes and don’t let a bad trade become an investment.

Categories: Markets

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