Member-only story
GO WITH THE FLOW . . . trade the ebb . . . steady as she goes
Just this shorty why is this market different from last October when I was long at 6,000 reversed and went short. . . . or why I am bullish, not bearish. . . and will be quite surprised if we break 3,000 before we go up substantially . . . if we can break 3,000 at all.
I have been asked this several times . . . so here goes.
Basis was in prolonged backwardation is number one, the fact that we are above the two week high is number two, and the fact that in April we will be approaching a Tone Vays random indicator 9 is number three.
Where are we going? I haven’t a clue . . . and neither does anyone else. . . so trade accordingly.
Find the groove . . . go with the flow . . . and trade the ebb.
We may never go above 4,000. . . doubtful. . . . and we could blast over 7,600. . . also doubtful. . . but more likely than breaking 3,000. . . .basis still says we are going up . . . the trend still indicates we are going up . . . we have a long quiet consolidation . . . my kind of market…
