Get your Pencils out yall! We have to look around, take a look at the history, and see how we can capture some profit in the asset class. Its important to formulate a strategy by letting the chart show you what indicators worked historically. Some people like to use indicators like crazy and THEN backtest them. Perhaps that works...
We're not doing that today. Today, we're going to let the chart speak to us; and then we're going to come up with a hairbrained idea based on what the chart has to say. We can polish that idea later, the important part is to give ourself a simple framework to work from.
@jjrobison012988, Thank you very much. You guys are the most important! You may not know it or recognize it, but you're the most important part of the market.