Technical Strategy

Reversal long.

831.25 @ 10:54:54

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2282804>

 

...

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2282857>

 

I think one of the recent distinctions I made regarding the different types of lateral and their significance may have been erroneous.

 

^

 

Reversal short.

837.25 @ 13:09:42

 

chart

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2283142>

 

...

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2283144>

 

Reversal long.

828.75 @ 13:34:53

Missed a beautiful P2 spike reversal.

 

chart

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2283202>

 

You haven't yet reached Point Two of this down move (Traverse). No need to try and capture every single retrace.

- Spydertrader