The following is a general description of what is going to happen in each Phase.
1 Mark Down - If not already short when the phase starts, get short quickly. Hold short until MACD flattens and get a F85 buy signal. Trade as heavy as you can stand. F85 signal requires MACD-histogram(85,90,24)>MA5 and Price bar close>either 20EMA or 20MA.
2 Accumulation - Should be long, if not, get long and again be as heavy long as one can stand. A few times the trade fails, but is low probability. If it does fail, just get out and get ready for the next signal.
3 Mark Up - Stay long unless 2nd support is broken with a 60min bar close. If entered phase from accumulation, odds very good for big success. If entered from distribution, take some caution. Gap downs are possible.
4 Distribution - This is the killer phase. Prices have a hard time finding direction and usually end up going sideways before falling. Look for a short when prices retest high during the consolidation and a lower high is formed. But have to be ready for almost anything. Use 2nd support as stop for either cash or going short depending on how aggressive you want to be.
