There are no new trade signals today (several look possible for Friday). Overview Our focus is in recognizing the end of counter-trend moves within primary trends. Once identified we will be seizing upon those opportunities to enter trades with 2-3 month options in the direction of the primary trend. The system is not foolproof, but it is as good a trading methodology as I have ever seen, developed or traded. Current trades are coming along, with the occasional dud. Do not be dissuaded by a few laggard or bad trades, we are in this for the long haul. DJIA - Primary Trend Down This is an Intermediate Term chart of the DJIA, using the same primary trend to primary trend method that used to guide our trading. Notable is how very difficult the market has been to trade while basically in a sideways trend over the past 4-5 months. This has been reflected in our trading returns, even with the new Buy/Sell triggers. Sideway trends always give way to vertical trends, either up or down and the longer the sideways trend, the longer the ensuing vertical trend. Expect fireworks during the second half of the year. The major sell of February 2nd was reversed back Long on June 8th, but that Long was short-lived as the Dow reversed back Short just two weeks later on June 21st. As you can see in the chart below, that same pattern unfolded on the Long side back in August of 2017, where an August 17th Sell was quickly reversed back Long in mid-September. That reversal back Long led to a 4,000 point DJIA rally into the late January top. The market bias is definitely to the downside making the aforementioned fireworks more likely on the downside than the upside, and based upon the length of the sideways trend since February, it could be for a whole lot more than 4,000 points.
