Technically, the bear market started on Dec 24th last year. Look at the follow-through of it! Incredible!
ES Journal - 2019/2020
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Technically, the bear market started on Dec 24th last year. Look at the follow-through of it! Incredible!
Massive bear market topping going on right here.
"Certainly in vogue at this juncture. Remaining short."
Exactly how does those charts explain the fact that you've been calling this a bear market for the entire year (2019) until a few weeks ago and were massively long during the entire correction at the end of last year (2018) when the market corrected 20,44 % down / - 605,00 points?
If you're interested in any serious discussion at all, please elucidate your readers.
I've provided the charts that reveal the bear market and then the new fresh bull market for readers. It's easy to see---once you see it it can't be missed in the future----. The big key though is that the use of Prudent Risk Management is the edge even when you have grabbed the wrong direction.
I'll take a closer look later tonight or tomorrow.
However, I don't think you can explain away or risk manage away the fact that you were long during a 605,00 point correction and subsequently bearish during a bull market.
You have however been on the correct side of the market for the last weeks and I'm glad for that. It still is a bull market until proven other wise.
The short term top I called at 28 is still in effect and I'll do an updated analyis on that one over the weekend.
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