On Sunday afternoon we alerted all subscribers of impending weakness, weakness that was well supported by a series of technical signals and patterns. We’ve been under no illusions that the bear market bounce of the last 6-weeks had the ability to reverse and do so with vengeance. A final ‘washout’ could be underway.
It was suggested that subscribers bank some profits or tighten stops on long positions in order to protect profits as this weakness takes hold. Our short term Model account has no open positions and we’ll stay sidelined until the intentions of the market show more clarity.
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