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Strategies & Market Trends : Wolfgangrene's charts

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To: Chris_Toronto who wrote (3720)1/4/2018 1:46:18 PM
From: The Ox  Read Replies (1) of 3976
 
Good luck with your timing. I find it very aggressive to get out in front of this market and go short.

There is little doubt in my mind that if you get the timing right, there will be a flash crash or a running of the computer programs/Algo traders which should create a wonderful opportunity to cash in substantially and very quickly!!

We've not had more than a handful of consecutive down days in a row for over a year. Even these have been very small % moves. A larger one is on the horizon. My more conservative nature wants to see some weakness before I get aggressive, not worrying about getting all the move and I'll look for a lower risk entry point.

If the trade goes against you, keep the stops relatively tight....would be about the only wisdom I'd offer....

Lots of room lower on most SPY charts, IMO......we'll see....

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