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

"Sell down to your sleeping point"

Wednesday, August 20, 2008

You see....

When we broke the Green line.... I got worried.
When we broke the Red line.... I cleared my longs. and started getting short.
After the blue line I was hoping we could catch a bid so I could short more....
You see, it's the trend lines, and not the horizontal support. Trend lines test successfully Multiple times for days.... Horizontal hold for about 15 minutes.

2 comments:

Tony said...

Yes, I do see the trend lines.

Thanks for pointing them out, but they are too subtle for me to see in real time.

I guess I'll have to keep looking harder.

Eric said...

I just draw a thousand of them during the day....

I spend my day blogging drawing trend lines, and trading.

The first law of geometry is "What is a line." 2 points..... So like when you do the horizontal ones, and look for multiple points to draw in... If you can find 3 points that make a line... you have a trend.

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