Today's writeup comes in video form. It's 10 minutes long, and it will in detail spell out this market for you.
The question is, is this the beginning of a bull market, or the start of a bear market? Either case surprisingly starts off exactly the same as what we saw over the last 6 months. It's possible that it will not be clear that it's a bull market until later this year (could be as late as August)... and it will not be clear it's a bear market until likely the summer as well.
Why? Because of psychology. Things don't just trade up-up-up without stopping, they also don't just fall to zero either. I fully expect the next 2-3 months to be choppy dancing between 1800 and 2060, and this video will show you exactly what I personally am expecting to happen.
So if you plan to trade this year, please digest and absorb this video, because it might help you out of a jam at some point.
https://www.youtube.com/watch?v=IS5JZDeMk0Q
Charts from the video can be found here
In loving Memory
Scribble Chart Junior is the successor to Scribble Chart Sr....who we laid to rest today when the "c"-resistance broke. He was on a 25 straight market day winning streak before he kicked the bucket. He was a great friend...
Thanks for watching everyone!
Submitted March 17, 2016 at 07:22PM by gabriel87120 http://ift.tt/22qiMzQ
No comments:
Post a Comment