| | | You're probably right about the triple threes... but overall, he draws a clean chart, with nice logic to it... Also, he works with the Dow, which diverged from SPX by not making a new low in Jan-Feb. So, technically, it is more open to a bullish outcome.
I do some trading, but my main "ambition" is to manage my retirement funds without screwing them up. So, I use EW for monitoring events, and for position sizing, but also use simple trend following "filters". For my purpose, it is more often than not irrelevant whether we go from here into the mother of all bears - or bulls. At least, I'm trying to play it that way. For better or worse, it seems to work better for me. "Normally", I tend to have too much "conviction" one way or the other... :) |
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