Wednesday, May 15, 2019 2:09:08 PM
When I look at a daily chart it scares me. M65 has just moved into DS and it would appear that we are now starting a correction wave B, which is why we are seeing the market going up today. But after wB comes the big one wC. For this reason I am going to keep a good stop in place until prices can get above the 10 day ema.
I don't look at a 60min chart much any more, but as I was trying to see if I could tell the down count I thought I would look at it. I saw nothing helpful for the count.
But I did see a positive in that it was clearly in a buy mode.
Make note that during the month of April, M65 was flat and the market was advancing great. This is why I always say I had DS. One can never know for sure what is going to happen.
I don't look at a 60min chart much any more, but as I was trying to see if I could tell the down count I thought I would look at it. I saw nothing helpful for the count.
But I did see a positive in that it was clearly in a buy mode.
Make note that during the month of April, M65 was flat and the market was advancing great. This is why I always say I had DS. One can never know for sure what is going to happen.
Trade the Charts and not the Heart - Expect the trend to
continue until it doesn't - Realtime is the real deal
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