If I could have only one timing tool forever, this would be it.
I am actually working on a shorter term version in order to use it for short term trading, but
the process has been very time consuming.
You will be alerted when this turns up.
The market made some positive progress today by forming a candle that shows an attempt at stability and trend change.
To finish this pattern, Thursday will have to be a decent up day and the lows of today cannot be violated. If tomorrow can put that together then it may well be time to bump the equity exposure up a bit more than the current 40%.
The probability model gives a 75% to Thursday being a fairly sharp rally day.
Caution is still the word of the day, but these seems to be some light at the end of the tunnel.
No comments:
Post a Comment