Repeating the Same Old Mistake for Fun and Profit

Yesterday’s meaningless swoon left numerous ‘working’ touts unchanged. If the broad averages are now about to head into new record territory, as we have come to expect, we have a dandy rally target in the Diamonds (DIA) to keep us long for the ride; and then to get us short because, well, because we can.  Of course, we’re almost guaranteed to be wrong when we keep zeroing in on potential Mothers of All Tops. But keep in mind that our last such “mistake” held a profit of as much as $1200 per E-Mini S& contract for those who used the 1984.25 rally aggressively and then covered the short yesterday morning.