Monday, January 30, 2012

Back to Business

If you are a Trader, you are a highly paid risk manager.     If you are not highly paid, maybe you need to look at the risk management, LOL.

The risk right now is to the upside.

ES bounced off of the B177 channel line, the long term lines that defined the last top and are nearly horizontal.    Inspect the chart and the arrows.    The Bernoulli 133 B133 seems to be stronger than the B177 based on prior kickdowns.

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Insightful and Useful Comment!