I'm going to jump around a little. Are you ready? OK, Here we go.
First a little quiz. Looking at the 5000 tick chart above, How did you know price was going to go higher after the open? CLUE: There are two indications. I'll post the answer Monday.
Looking at the 12,000 T, 10,000 T, 240 Minute and Daily charts we could be in for a significant correction to the downside. No point in worrying about it now. We'll know come Monday and we'll trade accordingly. Besides, a good correction would help alleviate the narrow trading ranges we've been dealing with lately. And a good dose of fear right now would give us some very profitable days with higher volume and volatility.
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