My Next Step is a "Secret" - Watch Me in the Morning!
2 Day, 15 min. - Sep. 17 - Short Term, Intraday Trades are facilitated by using Indicators such as RSI, CCI, MACD, and others. All indicators can be helpful, but it is best to find the ones that work best for you. There is no perfect system or ?Holy Grail."
10 Day, 60 min. - Sep. 17 - There have been 10 days of upward movement with each day closing higher than the day before. The market is due for a rest. There is a need for consolidation and digestion of these gains. Many expect a major correction with significant pull back in the market. A more likely outcome is for a sideways consolidation followed by a resumption of the Bullish move. There is no crystal ball and there is no certainty as to what happens next. The market is the market. The market will do what it wants. It has no respect for anyone else's opinion.
3 Month, Daily - Sep. 17 - Longer term there is a Bullish Channel Trend that has been well established since March 1. There were two pull backs along the way which were accompanied by RSI, CCI, Double Bottom signals to go "long." These are noted by Highlighted Ovals.
1 Year, Weekly - Sep. 17 - Yearly perspective can give you a Bird's Eye view of the market. Don't be blinded by short term market activity and news releases that can lead to emotional decisions which are almost always wrong. Let the market show its hand. When it is Bullish, Run with the Bulls. When it is Bearish, become defensive and work with the market. Swimming against the current may work on occasion but on average will lose. "The Trend is Your Friend."
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