Guys let me make something very clear here just so there's no confusion as we go down this road.
A lot of us have been calling for a large pullback in the markets and I hate to use this word, "analysis" for the most part feel the markets are inflated and IMO they are. That being said what we're about to see play out will be nothing more than an epic shake. The markets will fall but in the end we will see new highs and the next move higher SHOULD and I can only guess it will play out according to pattern be an even faster and larger move then we just seen. I say this because just as we feel the markets are over inflated now after the shake many many more traders are going to feel the exact opposite and want in before they get left out like they did on the last move higher. It's simply nothing more than a vicious cycle and those that have the foresight to try and catch the middle 80% of each move are the fat cats laughing at the rest of us. So BULLS or BEARS the goal should be the same; make money. So that's what I hope to do, simple.
I tell you guys the last eight months of my trading career have been remarkable. I can point to 100 different occasions that provide anecdotal evidence to support that claim but that would be missing the point entirely. We have a tendency to make this much more difficult than it has to be but the bottom line is it comes down to the people you surround yourself with and the combined knowledge, support, and wisdom of that group that will ultimately decide if you win or lose as a trader.
Man this is a tough game to go at alone, of that I'm absolutely certain. So the fact we have both bulls and bears in this circle will only make us stronger and hopefully when either are on their high horse the other may be able to talk some sense into them before they give back hard earned coin.
So no matter where this shakes out; remember it will go back up.
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