Below, the real bottom, fake top, and real top in the S&P 500 history are shown in three charts.
I am using the reaction lines, reflective wave, and reaction waves to spot them with both trend following positions and trend trading positions. As mentioned before, I personally named such trading system as a 3R2PGaoTradingSystem (more details are still under developments, especially the part of incorporating trap-zone and money-making zones)
More technical tips can be found here as well.
Tiger, thanks for sharing. Just curious if you still feel we must go back to 1000 before we head up further on the next leg up. I too feel that we are in a new bull cycle, with a target of 1420.
ReplyDeleteIt's hard to tell. The market is always dynamically evolved. It may test 1000. It may not. We have to monitor the market closely.
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