Friday, January 16, 2015

Mid Day Jan 16, 2015 - Longer Term Count Shown

Still expecting a violent rally til Jan 26 before a much larger decline emerges. 

Short term structure got the better of me today [last night's Short-Term count was probably wrong and my recent trade was closed at a loss], so I doubt I will go long since I think I missed the risk adverse entry I was attempting. We'll see if another risk adverse opportunity presents itself later today, but I doubt it.

I'd rather miss the rally than take a ton of risk going long this market. 
We made money overall trading short and long this week and last, even if we miss the BIG MOVE... 

If we miss it, my main focus will be waiting til Jan 26 and then looking for a short entry.


UPDATE 11:59am EST!!! FOUND SHORT TERM "ALREADY TERMINATED" COUNT!!!
Small Long Trade Re-Opened (posted in comments)






Chart below of longer-term expectation