PriceTeam

[PriceTeam]

Beautiful work, Land. Dead serious. This is what we want here. Questions. The answer gets into trading strategy--of which I am no master--even though I've enjoyed 100 percent accuracy for the last 3 weeks--even with the counter-trend moves. What I'm doing here is a short-term trade (fast action, possibly risky). That is not the purpose of this board or what I want to teach or lay out. The main subject is a new form of TA.

I'm not recommending going short here--simply acknowledging that I'm building small short positions. The objective is to catch the small wave down into the 10-week low. My anticipation is that it will happen in a FLASH-BANG move, and it will be all over before anyone can think about it.

This is NOT a shorting market, and the positions being taken are count-trend. They are based on my read of the 10-week cycle and many indicators reaching extreme levels including the $NYMO.

The short positions are based on a composite of indicators that are beyond the scope of what I want to lay out over the next few weeks.

I am building the short positions slowly to obtain the best possible average--and to ensure that either I will make money or I will get out for even.

I anticipate one of two things happening between now and Thursday. 1) The market continues to climb higher. 2) The market begins to recede directly beginning tomorrow.
Let's see what happens.

Ted