The 30-day, 60-day, and 120-day moving averages of the market are trending upwards, and the weekly trend is also intact.
Therefore, as long as the trend has not reversed, we can continue to be optimistic about the medium-term trend.
On April 7th, the closing review indicated that the 14th would be a turning point, after which a 4-day consolidation began to form.
We are currently at the C5 wave position.
Entering the market when it broke through the 20-day life line in March resulted in substantial profits.
Thus, we chose to exit the market in phases at this position.
Our basic principle is that trends come first, phases come second, and short-term moves are only for fun.
Therefore, we can take some time to observe from the sidelines.
Take this opportunity to organize our thoughts and review the techniques taught by Owen to prepare for the next phase opportunity.
I believe there are still opportunities in the first half of the year.
For those who have done well during this period in the first half of the year, the profits have been quite considerable.
Even for those who performed averagely should have achieved satisfactory results.
Thus, in the second half of this year, we will adopt a more defensive counter-attack strategy to preserve the hard-won profits in the bear market.
The reason we have profits is because we effectively avoided risks or controlled and reduced risks in the bear market.
Without this premise, all talk is empty.
One of Owen's concepts mentioned many times: survive the bear market and wait for the bull market.
Regardless of how much the market rises next week or what happens, don't pay too much attention for now.
Let's take a step back and observe first.
There’s no need to cling to every K-line movement.
Stocks are not traded this way.