Trying to show how I trade.....
so... as a risk reward breaking that blue trend line(which isn't a valid trend line, BTW) Trends are 2 points and NOW isn't a point. But that Trend line breaking... Good risk reward... after it breaks, without moving higher.
I read it Bearish... But.. it could still have days to really start producing as a Bearish Bet.. and for it to break that red trend line.... which should be segnificant support. If one wanted to maximize their profit, waiting for it to get support on that red line... Then fading it after that, is where the money is.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Saturday, August 16, 2008
short healthcare.
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