This is my original scenario for the DCL more in detail.
I like this scenario much better than my plan B. Plan B is my worst case scenario.
First of all, it will confuse both bulls and bears equally much; or; especially bears - who are watching for shooting stars and this pattern would invalidate the star since stars need continuation.
Second, it will prove that the bull is highly alive and it will make some nice progress.
The COT report of last Tuesday provided speculative longs to shorts in a 10:1 ratio. Not healthy, so we should be looking at a pullback quite imminent. But the pullback is more fun when bears are not riding along from their 1300 entries.
Let's see. Trade with care.
I like this scenario much better than my plan B. Plan B is my worst case scenario.
First of all, it will confuse both bulls and bears equally much; or; especially bears - who are watching for shooting stars and this pattern would invalidate the star since stars need continuation.
Second, it will prove that the bull is highly alive and it will make some nice progress.
The COT report of last Tuesday provided speculative longs to shorts in a 10:1 ratio. Not healthy, so we should be looking at a pullback quite imminent. But the pullback is more fun when bears are not riding along from their 1300 entries.
Let's see. Trade with care.