Wave and Cycle observations

Idejan,

Just woke up and checked the charts…………………….

Your thoughts on wave theory and I have to throw in natural fibonacci ratios and cycles are evident throughout everything in life. The one thing that is certain is that things will change, give and take, up and down, good and bad………..

These cycles are even evident in our own trading and our decision making.

It’s obvious to me that my views of the markets are in a corrective mode atm…….There are times to trade large and times to small or not at all…… and nows the time to trade lightly and preserve capital, for the next few days, imho.

One of the best lessons ever taught a novice Bear was this (trading) is not a sprint race it’s a marathon. Some times it’s best to draft, and I think in regards to trading, the winners are the ones who know when to take a rest.