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.
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
Wednesday, August 20, 2008
You see....
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2 comments:
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.
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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