The good news is that trades using our proprietary ‘counterintuitive’ entry technique have been working. By this I mean to say they are routinely getting buyers from trade-entry points to midpoint Hidden Pivots, where partial profits can be taken to reduce exposure. The not-so-good news is that none of these rallies are reaching their ‘D’ targets. This not only limits our potential gains, it also increases the number of trades where the best we can hope for is to break even. Even so, it is worth our continuing effort, since each minor-trend entry could conceivably be the one that puts us aboard a major breakout. The futures have been mired in a consolidation for a month, and sooner or later they will either take off like a rocket or sink like the Titanic. We can’t know with any great confidence which will occur, however, or when, but as long as we can continue to speculate on one outcome or the other with risk held to a minimum, it behooves us to keep trying. To that end, I’ve labeled the ABC pattern that we should be trading now (see inset). It is distinctively bullish and promises to deliver a rally that kow-tows precisely to Hidden Pivots. All of which suggests that we should favor ‘mechanical’ entries in the days ahead. The chat room is well on top of them, and you should therefore tune to the discussion for tips and guidance in real time. _______ UPDATE (Jan 12, 8:38 p.m. EST): Three straight days have featured a Whoopee Cushion bounce around mid-session, each originating from a low where bottom-fishing would have been less than appealing. Now, however, a ‘counterintuitive’ entry using the 2239.50 low recorded on January 3 as a point ‘A’ could still offer us a chance to get long the easy way. Accordingly, if the futures fall into the range 2240.25-2245.25 and rally 12.25 points thereupon, that will be your entry trigger. This countertrend trade should be attempted only if the low occurs no later than 1:00 p.m., since there would otherwise be too little time to rack up profits, and too much risk carrying the whole position into a three-day weekend.
