Sep. 12th – ES

The fabulous recovery does not in any way invalidate the potential Triangle I have been suggesting. However, you’ll notice that I’m still keeping the original count on my chart.  And while I don’t trust it, at this point I would give the same weight to the Triangle and the wave (4) in place. So as usual, we avoid these type of situations until the wind blows in our favor.

NOTE: In trading and in life, I always favor the wisdom of the sailor man: When the wind blows in our direction we can raise the sails and go with it. When there is no wind, we go rest in the first island we find. I think it is easier than pure struggle.