This helped the cause the last two days too. http://www.barchart.com/chart.php?sym=DXH11&t=CANDLE&size=L&v=2&g=1&p=I:20&qb=1&style=technical
If it flew up to 92 in 2 hours today maybe I would have considered a short. But not now. Looks strong. If it works its way up gradually tomorrow, and maybe consolidates around 91, we may see follow through on this rally. Speculation, speculation, speculation. Stay tuned.
I was that poor counter-trend "I don't need no stop" baby on many occasions and no one cared one bit that those big bad trend-following breakout traders took my candy
DX 20 min. http://www.barchart.com/chart.php?sym=DXH11&t=CANDLE&size=L&v=2&g=1&p=I:20&qb=1&style=technical
WSJ: Crude Higher Ahead of US Inventories Data http://online.wsj.com/article/BT-CO-20110112-707774.html US Inventories Data - 10:30 AM EST.
Not much going on right now. Seems like it's waiting for Crude Inventories to give this market a jump start today. Breaks of the HOD have been weak and shallow, not a lot of volatility. Volume looks to be where it normally is, but no conviction for either side. I feel like having no trades so far today is making me lazy or nonfocused, but I haven't found anything that feels good yet. I'm trying as hard as I can to not fall into the chop-trap again. I'm going to sit back and wait for this to pick up some steam.
You're sleeping in waaaay too late A very unusual day for me today. Six trades, ALL of them LONG. :eek: :eek: