Just thought I'd share two completely different EW viewpoints
from the 2009 bottom below - I don't want to get bogged down in
prognostications but these are two mapping options to monitor over
time. Again, these are not short term charts but longer term
viewpoints which are clearly subject to certain alterations.
Personally, I like the DVT approach that Matt has developed for
it's simplicity on various time frames and in conjunction
with some simple technical guideposts. Again, what's most
important is for YOU to develop a methodology/plan that suits your
trading style and risk tolerance and then have the discipline to
adhere to your particular methodology. It can be a hybrid
approach (which I encourage) with certain funds being allocated to
longer term timeframes with others dedicated to trading shorter
term.
The tools we have provided as well as charts/tools that
others post can be implemented into your approach if you find them
useful. The market is dynamic and nothing is absolute when it
comes to markets but the guideposts we provide (including the KISS
system and traditional charts) can assist with your
trading/investing. Take time to develop/refine your plan
which you can adjust as your objectives change (such as nearing
retirement with less speculation). Remain flexible and
open minded (lose your bias when trading) while remaining
disciplined in your approach.
Lastly, please take time to read the sticky post at the top of
the trading community once again.
Pugsma and Trigger Trades to cite the chartists below -
mapping can provide guideposts (like mile markers on a highway) to
give you clues and when the market goes off course you must adjust.
The late great Tony Calderow from OEW used to say the
following "Project, Monitor, Adjust"
Longer Term EW Views From 2009 Bottom (I refer to this as Mapping)
Posted by steve on 6th of Mar 2021 at 11:39 am
Just thought I'd share two completely different EW viewpoints from the 2009 bottom below - I don't want to get bogged down in prognostications but these are two mapping options to monitor over time. Again, these are not short term charts but longer term viewpoints which are clearly subject to certain alterations. Personally, I like the DVT approach that Matt has developed for it's simplicity on various time frames and in conjunction with some simple technical guideposts. Again, what's most important is for YOU to develop a methodology/plan that suits your trading style and risk tolerance and then have the discipline to adhere to your particular methodology. It can be a hybrid approach (which I encourage) with certain funds being allocated to longer term timeframes with others dedicated to trading shorter term.
The tools we have provided as well as charts/tools that others post can be implemented into your approach if you find them useful. The market is dynamic and nothing is absolute when it comes to markets but the guideposts we provide (including the KISS system and traditional charts) can assist with your trading/investing. Take time to develop/refine your plan which you can adjust as your objectives change (such as nearing retirement with less speculation). Remain flexible and open minded (lose your bias when trading) while remaining disciplined in your approach.
Lastly, please take time to read the sticky post at the top of the trading community once again.
Pugsma and Trigger Trades to cite the chartists below - mapping can provide guideposts (like mile markers on a highway) to give you clues and when the market goes off course you must adjust. The late great Tony Calderow from OEW used to say the following "Project, Monitor, Adjust"
wow this second scenario is
Posted by arun on 6th of Mar 2021 at 12:21 pm
wow this second scenario is going be crazy. Wonder what the trigger for that would be. One thing for sure, lot of people are still extremely leveraged
Two things to monitor will
Posted by steve on 6th of Mar 2021 at 12:30 pm
Two things to monitor will be the 10 year rates and the US Dollar
https://www.cnbc.com/2021/03/07/stock-market-open-to-close-news.html
Posted by steve on 8th of Mar 2021 at 07:12 am
https://www.cnbc.com/2021/03/07/stock-market-open-to-close-news.html