This is a swatdown by the Bernoulli 177 line, and then a backtest of the B133 channel line, could signify a breakout upward, further crushing the "sell in May crowd".Turned into a nice but small trade. Banked the profits, after getting bottom ticked, I was ticked off. LOL, funny how things turn out. Greed is not always good.
The purpose of the market is to do as much damage to as many people as possible. Think like a broker/banker, think like a criminal.
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Thursday, May 30, 2013
A nice ES trade using Bernoulli Channels
I posted this last night in real time (see 2 posts down) as I took this trade.
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Insightful and Useful Comment!