In fact, the smart money looks at the 3 waves up shown below and says "If a 4th wave happens then it will be a sideways correction giving me more time to observe. So why not do it on the sidelines in case the end of this run already happened and the next move is a big gap down headed for the bottom of the channel one last time".
Besides, the 3rd wave gap is already behind us so you already picked that up. Fear and discipline will win the day.
1 comment:
Captain,
Appreciate the update. You had me at: "the smart money looks at".
Thanks again,
Chance
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