Wilfran, totally agree the aim is to protect capital and of...

Wilfran, totally agree the aim is to protect capital and of course have a trading plan. I believe that there is a strong likelihood of MOY playing out as outlined.

However as with all TA projections, things are true until they are not. There is always the “Black Swan” event that can change market expectations (either adversely or positively) in a flash. Then there is of course the big bad bogeyman, in the shape of the Dow ,lurking over the whole of the market. Recovery is starting to feel like a possible dead cat bounce.

Time will tell
GLTAH
Charlie