3309 Drysdale Ct
Edwardsville, IL 62025
I appreciate Steve and Matt's mapping and I have used them to
great effect. Nonetheless I am going to go with the trend and not
the fundamentals of the economy.
Yes - as stated YOUR RESPECT THE TREND - only hedging if needed.
See prevailing trend channel and respect. Remember when
many were bearish weeks ago I gave out a bullish projection - now
monitoring this inflection zone. Just to be
CTAs have been moving market
Faded that spike - stop trailing
Taking partial +11 on the short - stops at entry on balance.
The problem with the fundamentals of the economy is that we
think we understand them. It’s only later that we will look at what
happened and construct a narrative to make sense of it. In short,
the future is rational only in hindsight.
I agree, I've been converted over the last years that none of
this information matters or is the reason the market does this or
that. Stories are made up everyday for why it went up or down. So
many metrics and it is a waste of time on a net basis for me. I'm
focusing on one thing, price. Because price is all that matters.
Risk/reward of taking a position on an instrument at a certain
price, etc. Buy supports and sell resistances. Saving my energy for
life other than the market. Keeping it simple.
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