I have entered a buy order at 991.25, prices are high, this is an aggressive buy. When I sold a few days ago I was thinking we would pull back to 968- 970, so I am nervous here, but 990 is what we have to work with, risk control is our secret weapon.
The market is priced for 4.5 % growth next year,that would be a perfect v shaped recovery and I am not so sure it is in the cards, so we are priced for perfection. Also we are at a point of interest for a trend change using my long term matrix. Another problem is the U.S. dollars which is inversely correlated to stock prices is very over sold and can bounce strongly. However, I buy because I want to ride this to the end. I am using very tight risk management. As I said, I am posting this to help demonstrate graphically the power of my logical trading methodology, to ratchet gains and control risk, even in high risk areas, the market looks a little tired. See ending diagonal equals possible top Remember I have already locked in a 15% gain from the important July low. Click for bigger picture
