Hey folks, the markets continue to move towards our downside measuring objective but as we get closer I think we’ll see some price hesitation as well as a possible bounce back up somewhat…should price action move below 1241 then next stopping off point will be the 200 day moving average as shown….I had some of you folks reach out to me to discuss hedging your portfolio before all of this huge drop in prices occurred..I hope you took my repeated advice in this area…you should always just assume the cost of down side protection is part and parcel of what it will take to be a successful long term investor…be prepared folks!!

 

The chart below shows our Saturday Session agenda topics for the remainder of the year…all of these meetings will be video taped and then made available for our member viewing in our Learning Center on our Trader User Group web site….our next Saturday session is this weekend and I hope to see you there…

Trade Smart — Not Often

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