This is exactly what I have said before. You have to remember every trend begins with a breakout. It is also very difficult to trust such a thing when half the people are putting their money on the breakout and the other half are betting on a reversal. One of the halves get to brag and they become king of the hill until the next time. But the truth of the matter is this...If you play the markets like this you have a 50-50 shot of being right or wrong. If you trust the charts you will be slightly better(if your charting is correct). If you take a market neutral method you will wait until the market decides and your odds go way up. Not 100% but better than most people anyway. Good trading to you, Gary
Hey can somebody please post me a chart of todays action so far. I don't have access to charts here at this office. TIA, Gary
Certainly appears that way doesn't it. Good luck on it if you trade it. Thanks for the chart and please keep them coming.
Thanks, I would imagine that it is pulling up on low volume through the lunchtime. I guess we will see where it ends up this afternoon.