Summer Dullness Continues

Monday, August 29, 2016 Click here to open the attached charts What To Do? Short Term: Today’s poor quality rally suggests that new short-term position to the upside should not be taken. Aggressive short-term bears should maintain their positions. Intermediate & Long Term: Their are no intermediate or long term opportunities to the upside. Long-term…
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A Poor Quality Test

Friday, August 26, 2016 Click here to open the attached charts What To Do? Short Term: While aggressive short-term Bulls could consider new positions to the upside, the poor risk reward ratio makes this a highly speculative situation. Aggressive short-term bears should maintain their positions. However, we may have reached the end of the decline…

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Testing Support

Tuesday, October 12, 2016 What To Do? No changes from yesterday Short Term: Short term bulls, who entered the market, should maintain their positions. New positions can be taken if the Wyckoff Wave either successfully tests the support line drawn from point D, or on a Spring of that support. If I am incorrect and…

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