Thursday July 9, 2015
The market is quickly approaching the oversold reversal level of last October. Looks like this will occur this next week. Too late to go short now. Welles Wilder always recommended positions with the trend, if your timing is off the trend will bail you out. This suggests a light long might be worthwhile this next week looking for a rebound at which point shorts could be established.
Professor Elam 
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