Here is an unchanged view of five waves up from November 30th bottom...
Once again today relative strength sank to challenge its November 30th low (just like last Tuesday). Thus, another fourth wave is thought forming (as was forming last Tuesday). Just one more coat of paint, then, and five waves up from November 30th will be complete.
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© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.
Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.
Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.
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