an important price level was hit as per yesterdays trading at 10am
and an important tech sell signal was issued at the same time, which was reflected
by the TECHNICAL INTERNALS at the close
IMV, its ONLY a 3rd wave peak,. thus once the 4th wave is completed, a fifth wave to
1340 is very likely in FEBRUARY
STAY IN TOUCH
Jay
1 comment:
Hi Jay,
Happy to renew up to May 15, just let me know what you need me to do.
EKG is my best clue, but with the new format for market weather I
might be able to see where we start from a bit better.
Is start time a problem with other subscribers? I know you have said it
presents you with confusion sometimes.
Also have some confusion where EKG suggests a big move but nothing happens
in the market.
As I've mentioned before, I think it will probably get easier over time but any
suggestions you have will help.
I day trade rather than swing, but I'd like to develop some swing trades if I felt
more sure of direction for a period of days. At the moment we both think we're
in a wave 4 which is a lousy place to try and get a swing trade on, so maybe it'll
be easier when 4 finishes.
Also, volume is very low currently which can't help with signals.
All in all I enjoy the detective work to find trades although this month your signals
have stopped me taking trades that would have been wrong a lot of the time.
Nothing wrong with that!
Regards,
Ed
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