- You can't know where you are going unless you know where you've been. The charts are our road map.
- We should have sold off much harder than we did with all the crazy news. I think it's telling us stocks want to go higher.
- There are two ways to correct. One less discussed way is to correct over time. I think we mark time in a trading channel.
- As we approach the upper level, lighten up on risk. As we approach the lower part of the channel, start returning to risk.
- Earnings season is coming and it will surprise to the upside. Once that happens and the election is over, we rally into year end.
For further details see:
Charts Say Rally: I Give You A Trading Road Map, And I'm Buying Select IPO Names