I still maintain the (unpopular) opinion that the count down is not an impulse. Current thoughts:
However, the bottom line is that I don't get too ideological on the count. I trade whatever the waves give me. And if I think the trend is up (like Tuesday) and my Trend System gives me a sell signal, then I sell. And if the sell signal strengthens, then I go short.
It always pays to have a system to keep you honest and on the right side of the trade, especially though all this murderous chop (especially when the range is more than most bull markets make in a year).
From E-T: Weekend Post – March 10, 2018
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There is a new post on my blog at this LINK. Cheers and enjoy the chart! E-T
6 years ago