I listen to the opinion from Cobra Lao Da and 白云泉 MM and other Lao Da
Every day I collect the opinions from all High hands. If all Lao Das' opinions are different, I will make adjustment of entire market. If I feel high risky, I will choose to stand watching or enter 50 shares to enter water. This time I used 50 shares of JPM to test water from 9447.11 to 7888.48. The situation is very dangerous. This morning I escaped after I earned $0.56.
Here many high hands' cash are too thick and can be face to face to fight with Wall Street MMs. I can not. I only learn something from their posts. So I am only cautious and cautions in battle field.
Let us see next Tuesday or next Wednesday whether we catch a short bottom and take profit next Friday (OE day).
Absolutely thank you for Cobra's great work. I everyday study diagrams you posted PLUS my personal cash management/risk rules then decide my trading. Without Cobra's hardwork, I can not earn the money from the market since this July.
Thanks a lot and Have a great weekend!!!!!!!!!! Cobra Lao Da