This Christmas Eve I am unfortunately reminded of an event that occured on this day last year. It was mid-afternoon and I was running some last minute errands ahead of our dinner and festivities that evening. As I was driving home I came to a major crossroads and heard that awful sound, that of a crash.

I get a lot of questions asking where my stop is on a given position. My answer is always the same. My stop is where the trend is invalidated for my timeframe. Obviously that’s not what people want to hear, but knowing my stop doesn’t help you. My timeframe, objectives, and risk tolerance are different to yours. You need to find what works for you.