Bull trap !
We have been pretty persistent with our call for a correction, all along this last leg up, no matter how difficult it was to be positioned against main stream media and commentary.
Today we have confirmation for a new leg down both on the daily as well as on the hourly $SPX charts.
Although exuberant, such upward retracements during corrections are not new, as they can be identified in several occasions in the past ( as recent as April - May 2012: last year! ).
i think ur getting excited on 1 day correction is exuberant.See you again at 1610.Will leave u scratching your head.lol.
ReplyDeleteremember that I am forward testing a brand new system as of Jan 1, 2013
Deleteit is up to you and others to judge it as well along with me
so far, it has been off 15 points on the $SPX at the most (yesterday's top)
I need to keep testing it for a few quarters (I think 12 in total) to be able to include it along with trading documentation - the site is my diary
you can also e-mail at tradesfordummies@gmail.com
Sincerely,
tradesfordummies