Hi Folks,
I have been buying ETFs like crazy like morning, such as GDX, IWM, SPY, DBB, and DBA, as well as others. I covered the vast majority of my shorts, although I still have some since they are not technically in violation on their pattern (although I feel most of them are probably doomed to be stopped out with small losses).
The analog below is very important, in my opinion. It lines up poorly, because the graph beneath is squished time-wise, but this is, plain and simple, my road map. I think we're at the teal line right now, having completed the fall this morning. I think what's next is a sustained, meaty rise to about 1150-1160 on the /ES.
At that point – – June or July – – sometime in there – – there is going to be the greatest bear opportunity of the entire year. It is going to be The Mother Of All Slope Markets, and the only thing that will stink about it is that it will end and we're all going to be seriously addicted to the rush of it (or at least I am). But we can burn that bridge when we get to it.
In the meantime………I am Tim the Bulltard.
