Special note on today's market rally Up over 300 points and the gains in our short positions evaporated as fast they manifested in yesterday's decline. Remember that the average time from entry to max profit on these signals is over 30 calendar days and what the positions do leading up to the those gains is irrelevant to the ultimate resolution of the trade. There is no correlation beween drawdowns and profitability. Hang on to the positions, and be ready for more signals as early as Friday. Trading Signals For Thursday, there are no new signals, but HP, PXD and USO are entering windows where potential Buys could be triggered for Friday. More on that in tomorrow's Update. Charts Big Picture Update Trading Signals During the early stages of this transition I am providing more content than is needed to trade this system, but I want all on board as to how it works with a basic understanding of the theory behind the signals. The goal will be to provide trading signals without any fluff, just take the signals and wait for your profit targets to get hit...THEN EXIT. The charts below illustrate the pattern recognition trades that follow the Primary trend for the stocks show. I've embedded some comments that should help. Note how smaller counter-trend moves ultimately give way to sharp reversals back into the direction of the Primary trend.
