Why would someone take the other side of my trade?

I have known

Rick Bensignor

for 25 years. I remember when I first met him, he gave me a signed copy of “New Thinking in Technical Analysis” which I have to this day. I had dabbled in technical analysis in my time in FX and emerging markets. However, I never formally studied it. This book helped change my perspective on it.

Continuing my theme (my rule actually) of maintaining intellectual curiosity, I did a podcast with Rick yesterday. I know a lot of people don’t like the podcasts. The Substack stats on my podcasts are never as good as the writing. I think this is worth a listen. Rick first tells us, and then shows us, how he is deriving his levels. He describes why he is near-term bearish, thinks we revisit the highs again, and then will be in a sideways to down market for years after. I think that is an important context for all of us to understand. It is definitely outside consensus.

Have a listen a pepper me with your comments. If you want to check out Rick’s work, go to https://intheknowtrader.com/

Enjoy and … Stay Vigilant