|
| From The Desk of The Trader |
|
Financial Freedom HQ Friday 1 December 2017
Hi Friend:
I got a TON of questions yesterday, last night and especially this morning which can all be reduced to...
Is it time to sell yet?
Well, let's see... - Historic run to the upside with barely a pause much less any kind of real pullback.
- The fuel for this run can be largely attributed to a revaluation based on the hope for tax reform
- The CBO threw at least moderately cold (lukewarm) water on that with the finding that the Senate proposal would add 1.4 TRILLION DOLLARS to the deficit over 10 years
- Global markets are getting hit a bit this morning
I myself suggested we may be well placed for a good swing short to subscribers via this chart yesterday...
|
|
|
| This is a classic swing setup and COULD produce a good return.
Even the Daily chart is showing the beginnings of a short swing. |
|
|
| Still...
The strength of the current up trend is not to be trifled with... |
|
|
|
|
| So if you shouldn't sell outright, what should you do?
Make sure stops on your longs are in the right place.
And remain patient.
Remember... process.
Hope it helps... |
|
|
| If you really want to get short, be sure to look out for an email from me this weekend... I'll suggest a few low risk ways to do that. |
|
