We spent considerable time during this session splitting hairs — attempting, for one, to make a belated entry in Apple after the stock opened higher on a large gap. Although the “camouflaged” impulse leg we used to get long ultimately did not work and produced a small loss, we were able to discern some possible reasons for this. (Was the impulse leg perhaps too subtle?) The Hidden Pivot Method provides a very powerful tool for understanding the psychology of the markets, and we used it during this session it to tell us why Apple was bound to be a tough trade; and why Gold over the near term was probably going nowhere.
