stops/extremes extremes does not refer to the end of a big MOVE. it refers to the TOP of a small move, picking off your weaselly stop
200 up on tues, 200 down on wednesday, blow off top on fri, all the zig/zag, extremes of an end of a movement, wipe and flush
It does not matter where you place your stop -- the market will hunt it. Did you know that MM's can actually track stops based on IP? LOL. Bet few people know that
all I know is there was no shortage of anii with legs at the 666 bottom swearing we were going to 400. still, 90% of posters bearish and broke. there is an ungodly amount of bad opinion on the net. oh, I've been calling for this rally in my congrats thread for 2 months. rare thing indeed. glad you were all able to cash on my wisdom.
That was crazy. Market is well outside the bands. I think it will pul back at some point, or trade sideways in which case I'll churn a k or two..