30 September 2011

Core Book : Waiting Mode

  • Chart montage of Risk Off Core Book.
  • Direction is clear. Looking at these charts give me comfort that all the chop currently going on is just noise. When the chop is done, the trends will re-assert themselves.
  • Expecting at least one more big down wave. My governing chart is SP500. Triangle objective downside objective around 993. But I will not be selling breaks anymore. Got enough on board now. Next wave is for profit taking and risk reduction, not for adding on
  • Easiest thing in the world to keep adding when profitable and then get caught on the snap-back.

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