HUI Count.
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For now I have switched to this count which is extremely LT bullish.
However, I have taken this thing so far I am changing my strategy. I am going to try and play more of these IT corrections, more aggressively than I have to date on this run. Not because I am bearish necessarily, but because the count I've shown could be wrong, these swings are getting to be worth major coin for my personal portfolio, and I have no reason to get my butt caught out in the wind.
The indicators are getting stretched, another IT top should be not too far down the road (days as opposed to weeks, and I have my day picked), followed by another blast, top and more severe correction. Then hopefully repeat. I will very soon be going off margin. It (my SSRI margin) has been very profitable this run, and a portion (of the margin profits) is definitely going to go into C puts, Monday at the open, unless gen market blasts up. I will not marry myself to those puts however, I learned a good lesson on the last ones. Lost essentially all, lock stock and barrel. I'm back.
Channels are extremely important. If the count I've shown is accurate the 3 should remain within the red channel lines, and bust it hard at the end. AND if this all comes to be that bust will really hurt. It could 40 HUI points or so. And there will be a lot of silent bulls, that is nspolar's prediction. I am not predicting a target for the end of the 3, just take it as it comes.
We see how it goes. By the mere fact I stick my work out for others to see, I do invite criticism and will remain open to that criticism, especially if done in a pleasant manner.
Talk to the hand. |
