Hey guys ...................... see post 3605 again, esp. the SPX weekly chart.
While you eyeball the chart starting your eyes at the preceding BEAR market low of March 2009 (extreme left of chart), move your eyeballs towards the right - it might take days for your eyes to reach the right side of chart. Then see the arrow I placed at January 2018 top. Ah ha, oh my oh my oh my, see that loooooooong trend? Now, keepng your eyballs on the white arrow of my exit in Jan 2018, do you see how the trend has B E N D ....... bend-ed .......... bent-ed? They call that the BEND IN THE TREND.
Fibo's Trading /Investing Axiom #1: Smell the coming BEND IN THE TREND and boom, Fibo is out of the LONGs
Can you dig it? Can you see that Fibo was the only one to catch the smack beginning right on the money start of the BEND IN THE TREND?
Can you also dig that Fibo did not stay LONG with his thumb up his ass for 2 years as the market went sideways and exasperated every mother's son? Instead, Fibo took out his gains and plugged all the winnings into Currency trades and made out like a bandit - again .................. as opposed to just sitting and waiting for the trend to go higher in the SPY.
CAn you dig it? It just commonsense.
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