SPDR S&P 500 (SPY)

[leftyg]

ollie..I take that quote seriously..assuming it is not a hoax.

Everyone should be positioned short by now..unless they are the fearless type that tries to trade against the trend.

If we have a reasonable box size on Renko..we can ride the trend down..and, if we get a reversal brick upward, take it..if it is a whipsaw,it only costs us a small amount, and then we take the next red brick signal downward and continue the downward trend. We haven't lost much in the whipsaw, and we are right back in the larger trend.

Done right, it is a low stress method of trading. But I see from the other Renko thread that a lot of people still like to stress and guess, by using a lot of confirmation indicators, etc. Hey, if that makes your day..do it by all means. I think it is better with a more simple approach..but I realize many think that more indicators are better. Regards.