Friday, January 3, 2020

Knee-jerk reaction

Hello again in this very NEW year,
And what an opening! After a spectacular climb up to almost 3260 (the futures did actually cross into 3260-ies in the afternoon) yesterday, a big shock later in the evening after the US had killed General Soleimani of Iran in a rocket attack on the Bagdad International Airport, in an apparent response to the embassy riots and prior rocket attacks on Americans. It's a pity really the attack was not today, for our target of 3266 to go short has almost been reached... Anyway, that target remains as the market shows some signs of recovery after the first knee-jerk reaction.
The events prove again that no-one can forecast where the markets are heading in the long run. Too many variables have to be considered, too many unpredictable situations and decisions have to be predicted. This is why our solution is this: do not try to predict the market; follow it. That said, there should be a method in place to decide when and how to enter. It is here where ELP Program comes in: it gives you time-tested and proven signals to enter the market when probability is best for the chosen direction. It does not mean that the market will go your way at exactly the point of entry; but it will go your way eventually. And another problem: when to exit? ELP Program provides answers to this one, too. Subscribe HERE and be ready to trade in 2020 confidently and profitably!
Happy holidays again,
ELP team

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