Quote from: Gumbi on July 11, 2019, 04:06:19 PM

Quote from: DanB1 on July 11, 2019, 01:52:50 PM

Quote from: Gumbi on July 05, 2019, 09:59:51 PM

We failed to elect a key weekly bullish reversal but the main reason for the entry is because Armstrong has stuck his neck out here and said we needed to close this week above 26951.82 to imply a further advance. Also the 1st of July has been a turning point with the next showing up as the 8th and normally one turning point is followed by the opposite event on the next, on the energy model we are seeing the market making new intraday highs while the energy models are declining which indicates this rally is not sustainable. On the weekly energy model we are seeing the energy peak before the price high which indicates we may be forming a temporary high. The energy model is very important to understand and helps you to identify when the market is over-bought or over-sold.

Th exit point is the most immediate daily bearish reversal which lies at 26536.32 but we have crash mode technical support at 26617 which may also offer support.

Hi Gumbi, for my information:
- What is the time frame you are looking at for your trade to work?
- What is your stop-loss for this trade, is that another reversal or the same weekly that we did not elect last week (26,951.82)?

I exited for the close on the 10th since we elected daily reversals on the Nasdaq and Dow. we have another daily bullish at 26966.10. This month is a panic cycle so we either move to the upside to 28k area or retest the lows made the previous month if we elect the weekly bullish at 26951.82 it should be to the upside.

August is a turning point and October is the next so a high in August implies a low in October. the week of the high/low looks like the week of the 29th or the 5th.

Thanks Gumbi. So can I now come to the conclusion that Socrates does not really work for trading? On your first trade that you have elected yourself and wanted to show us, it shows how difficult it is to trade on the information supplied by Socrates.
So you entered the trade because a major weekly bullish was not elected and there was a turning point on the week of the 8th. So has this turning point now become a phase transition?

How can one trade this kind of information?
I mean, at this point anything can happen: we go down hard or we go up a few percent. (Panic Cycle month).
And what about MA's statement that we would not make any substantial new highs in 2019 until the ECM in 2020?