Yep, couldn't agree more. It's amazing how a trend filter will keep you out of bad trades. MAY looks like it is breaking down and now under the 65ema.
On a positive note my little pet stock NVA is setting up for the 65ema bounce for the 4th. Trend started off with a perfect diamond reversal up to the 65, then went through it with a strong run on good volume (relative to NVA, still very thinly traded), now it is touching the 65 ema at the 62 fib level. I'm hoping it is a perfect setup and the 65 holds.
