1. Matt and Steve run an outstanding website. Both had
been cautious of late...especially going into last week. Not
sure how you missed that.
2. Although I don't play them, BPT's SPY Systems and
sub-Sytems have excellent longterm track records. However, no
system (or individual) will be right 100% of the time.
3. It's extremely hard to predict those 1-2 day downdrafts; no
one can to any degree of consistency. If you've followed even
a sampling of suggestions put forth by BPT over time and traded
with discipline, you should be well ahead of the game. If
not, look inwards and improve your trading .
I looked over the newsletters and over the month every daily SPX
chart we've shown has been a rising wedge pattern with 5 waves and
MACD divergence. Only a couple times I showed one pattern
that could have been considered slightly bullish that had the
rising wedge as a wave 5 of (3), but you have to understand that
even under that option I said to expect a pullback of 60 - 100
points for that wave (4)! Because that would have been consistent
with the wave (2) correction. So even that supposedly bullish
option expected a decent size pullback/correction. There was
no option presented that had the market just rallying to new highs
right away without a correction! We also showed a rising
wedge that if it had rallied off the lows early last week could
have formed a lower high RS of a H&S top, obviously that option
was negated on Wed as well as the (4th) wave. Otherwise there
were no rip roaring bullish market chart options. Also had
SPXU as a perfect falling wedge in late Sept and early Oct on that
wedge
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Three points, Nayan: 1. Matt and
I don't know but in spite of having 22+ technical ...
Posted by RichieD on 15th of Oct 2018 at 08:34 am
Three points, Nayan:
1. Matt and Steve run an outstanding website. Both had been cautious of late...especially going into last week. Not sure how you missed that.
2. Although I don't play them, BPT's SPY Systems and sub-Sytems have excellent longterm track records. However, no system (or individual) will be right 100% of the time.
3. It's extremely hard to predict those 1-2 day downdrafts; no one can to any degree of consistency. If you've followed even a sampling of suggestions put forth by BPT over time and traded with discipline, you should be well ahead of the game. If not, look inwards and improve your trading .
I looked over the newsletters
Posted by matt on 15th of Oct 2018 at 10:21 am
I looked over the newsletters and over the month every daily SPX chart we've shown has been a rising wedge pattern with 5 waves and MACD divergence. Only a couple times I showed one pattern that could have been considered slightly bullish that had the rising wedge as a wave 5 of (3), but you have to understand that even under that option I said to expect a pullback of 60 - 100 points for that wave (4)! Because that would have been consistent with the wave (2) correction. So even that supposedly bullish option expected a decent size pullback/correction. There was no option presented that had the market just rallying to new highs right away without a correction! We also showed a rising wedge that if it had rallied off the lows early last week could have formed a lower high RS of a H&S top, obviously that option was negated on Wed as well as the (4th) wave. Otherwise there were no rip roaring bullish market chart options. Also had SPXU as a perfect falling wedge in late Sept and early Oct on that wedge