A friend asked me not to be so quiet. :
)
Some (Bates and Bowles for example) say Gann
monitored several planetary cycles
and observed points when multiple cycles were
in synch and reinforced each other.
The J/N cycle turned down recently and the
J/S cycle is set to join it.
We also have a new agricultural year, harvest
time.
The Dow is flirting with new highs but
falling short so far, treading air perhaps.
Wile E. Coyote?
They say bulls and bears make money but pigs
get slaughtered.
I am out of all long positions and have gone
short the SP, actually a few days ago.
With the Dow this close to the top if this is
incorrect and a reversal is called for it
should be most obvious. Tight stops equal a
modest cost of insurance of previous
gains at worst and making additional money
faster at best. If this move should turn
out to be wrong there'll be a major new leg
up to make it all back and much more. If not,
this could be a big opportunity.
Cheers,
Darrin