Matt/Steve - I have a suggestion. Instead of focusing on
waves/sub waves /truncated waves/ A-B-C wave/1-2-3-4 waves etc
- Is it possible to do the technical analysis in a simpler
way by identifying the pivots(fib retracements) . I have been
following you guys for a long time and I never found the waves
helpful (if anything they are confusing). just my two cents.....
over exposure defn hurts esp during counter trend trades . I
learnt it the hard way. gave up a lot of gain this year but
still in gains ....
arun - I have simplified as much as possible and provided data
points using Fibs, Pivots all within the newsletter last night.
I suggest you listen.
The trend in the market remains to the downside and one must see
clear evidence for that to change. Panic (or forced) selling
does not care about support. Keep an eye on TLT - for a rally
to sustain prefer to see TLT also move higher. When the SPX
rallied without TLT this week, it eventually stalled and reversed
back down.
That being said - I want you guys to know - I literally keep few
of you charts open with auto refresh while I trade - I find the
daily charts and 60 min charts amazing - I have multiple
subscriptions - but your charts are def the best
Matt/Steve - I have a
SPY. So much for the ABC. Now we have five ...
Posted by arun on 8th of Feb 2018 at 09:07 pm
Matt/Steve - I have a suggestion. Instead of focusing on waves/sub waves /truncated waves/ A-B-C wave/1-2-3-4 waves etc - Is it possible to do the technical analysis in a simpler way by identifying the pivots(fib retracements) . I have been following you guys for a long time and I never found the waves helpful (if anything they are confusing). just my two cents.....
over exposure defn hurts esp during counter trend trades . I learnt it the hard way. gave up a lot of gain this year but still in gains ....
arun - I have simplified
Posted by steve on 9th of Feb 2018 at 07:00 am
arun - I have simplified as much as possible and provided data points using Fibs, Pivots all within the newsletter last night. I suggest you listen.
The trend in the market remains to the downside and one must see clear evidence for that to change. Panic (or forced) selling does not care about support. Keep an eye on TLT - for a rally to sustain prefer to see TLT also move higher. When the SPX rallied without TLT this week, it eventually stalled and reversed back down.
That being said - I
Posted by arun on 8th of Feb 2018 at 10:35 pm
That being said - I want you guys to know - I literally keep few of you charts open with auto refresh while I trade - I find the daily charts and 60 min charts amazing - I have multiple subscriptions - but your charts are def the best
I agree, the BPT charts
Posted by disciple33 on 8th of Feb 2018 at 11:46 pm
I agree, the BPT charts are golden, and it's great that we can have links to the actual charts, not just screenshots, as many services provide.