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yes, good advice about participation. and...if we DO close below the
trendline/channel off the 3/12 low in the next few days, then the
high was definitely seen on 6/17. but it hasn't happened yet, and
until it does, we are still in an uptrend channel...meaning that
higher highs could yet be seen over the next several weeks. I
really respect your posts. they are technically excellent! but I
cannot agree that it is "safe to short" just yet. a couple of major
cycles are still turned up. so for now that trendline remains my
signpost and I "see" no compelling reason--at least in THIS moment--
to jump on the short side.
regards, V
--- In realtraders@xxxxxxxxxxxxxxx, profitok <profitok@xxxx> wrote:
> Hello
>
> I have learned that predicting is a dangerous game, that means
> anticipating,
> do not anticipate, participate,
> it is safe to short,
> cover at 959.95
> go long at 953.65 or anywhere between 953.65 and 959.95
> this is a conservative long
> as the risk to the down at that point is low
> if we trade under 953.65 than train stops next at 945
> nice day
> Ben
> home of the perfect stop loss
> profitok@xxxx
>
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