3309 Drysdale Ct
Edwardsville, IL 62025
again as Steve and I always say, when the market is still
uptrending it's best to take profits quickly on hedges and shorts
because the market will tend to rebound.
it's only after the market has had sideways action that has
allowed the slope of the 20 and 50 day moving averages to flatten
out is when the the market is more vulnerable for a more
sustainable sell off where you can hold shorts longer. Or after
uptrend symmetry is broken and you get a lower high bounce to
again what I've learned (the hard way) over many years is that
when you come into today short the indexes, best to 'Book em Danno'
vs holding thinking it will be a bigger sell off. You almost
always give up your nice short or hedge profits doing that. Like
today book those profits in the morning and if you still thought a
lower high will be put in you can put them back on now 80 points
Funny the ES HS Top measured move was 3805
That's some mighty fine shooting, soldier
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