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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: skinowski who wrote (28247)6/5/2018 10:44:40 PM
From: skinowski  Read Replies (1) of 41545
 
As PS mentioned, many popular EW names are turning towards the bearish outlook. Not all - checked Caldaro's public charts on Stockcharts... to my surprise, he is showing the same thing I suggested in the post to which I'm replying - 2553 in early April being the low of the entire correction.

The money isn't in being right - it's in doing the right thing... which, in my case, at this point means being moderately long.

Long - because the longer term trend is still intact. Moderately - because of the lousy seasonality (especially during midterm years) - and the still realistic possibility that this may turn out to be NOT a W4 correction, but rather the start of a larger degree bear market. If that happens, the rules will take me out.
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