A word of caution though, prices have reacted true enough to our market call; these market price swings across the board does not happen all the time. Only on certain market conditions where a contagion occurs and spills over to other markets. Price direction are uncertain and the recent price decline were extreme movements similar to catching a "falling knife" which we do not recommend at all. Certain valid reasons were anticipated and have drawn certain solid conclusion justifying our analysis.
Timing is very critical in executing this type of strategy, while choosing the right financial instruments and experience have played a huge role in such strategy. Lucky enough we have learned from the best and likewise developed the necessary trading skills to implement this. A combination of futures US Dollar Index, the UUP vs. UDN have also been carefully utilized and corresponding appropriate ETFs for the index funds have brought about net positive trades. Will provide additional information in our next market view on our website +megatrade101
However, it maybe the chart / graph clearly reflects the strategy to be applied during "Black Monday's Decline". The current closing for the week is a relief price recovery nearing the end of the month's trading which apparently is where institutional and professional traders /fund managers will take their normal position adjustments after these recent moves we have encountered.
As always....There will always be a major correction within a major trend! Only the best for your trades!
Have a great weekend! Cheers!
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