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Reading the Chart
DIAmonds Trust is an ETF - a way to look at the oevrall market like the SPY or QQQQ. Sometimes nothing is happening. Timing means letting price give the signal. This chart had a Rectangle <( read about) earlier in the year. There is an explanation for entry (red arrow) in the book ADXcellence. Now there is a 'bear flag' pattern.
Sit tight and let the market speak, Dr. Schaap Says - "It's not how many times you trade right; its how many trades you time right." Profits are a choice.
Click here for the DIA chart with Dr. Schaap's 50-50 Strategy. You must have a strategy to limit losses and profit consistently, this is it! Price tells the story, the indicators you choose to use, are YOUR plan for success.
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