Elite Swing Trades

[SwingKing]

Wrinkles my friend, I understand what you're saying but I talked about this already. This pullback/retrace was obvious and while it took a little longer to unfold than I thought it happened none the less. It is a normal wave 2 retrace and with wave 3 looming you last thing you want to do is be short. One of my cardinal rules is to never short a 3rd wave and while we haven't started yet "WE WILL". This is one of those situations where you have to take profits and be happy you caught the bottom. If you start looking for more than the markets are willing to give you will pay the price. I'm not saying this to be mean or anything like that, I'm saying this because I don't want to see you give your money away. Don't let your imagination stand in the way of letting you make money. We were bearish when everyone else was looking higher and we made money, now it's almost time to cash out and start looking higher for real.

But just to be fair if we break SPX 2010 I'll relook my charts but I really really don't think this is going to continue past early next week.