Close longs on Tue. This about all the rebound can tradably go. I suggest traders revisit market late Nov. Then we will evaluate if there is tradable trend. For investors, after Mar.
Till then, dont bother following stocks. I dont aim to trade all the time. But aim to trade when its reasonably safe to do so. I'm afraid its not now. Frankly, when I caught HSI < 11000 last week its safer than now.
Market may be in process of forming inverse H&S (currently left shoulder and head formed). Or may end up sideways to drifting actions.
Updated on hindsight:
The real top of the rebound is reach just 1 day later, after I long from low for 7 days. And market really rally hard after Mar. Besides systematic, discretional has its edge too. I havent figure out how to combine both profitably. I just got a new lead.
