JI
jimkane
Rep: 3,058
Posts: 33,089
But, and I know this complicates things, on days like this, situations like this, it seems like the odds are 99% (not an actual statistic) it will reverse near the lows. So, I look to see if I can get a good enough reward/risk to that area, and if so, make a good chunk of the play to there if it starts to fade.
MR
mreiserer
Rep: 110
Posts: 2,220
bulls look tired, maybe I am wrong, but I have a feeling that this is going to flush to new lows today
JI
jimkane
Rep: 3,058
Posts: 33,089
Not saying it couldn't happen, I'd just not fight my way in to the short side.
JI
jimkane
Rep: 3,058
Posts: 33,089
Let it give you something to get in, then accept the clues. Not specific advice here, just a general observation.
MR
mreiserer
Rep: 110
Posts: 2,220
I am just looking at the possibility of a Wave 2 completion, but it may not be the case