The indicator above worked well. Unfortunately with the built-in safety measures at the exchange you have to be cautious. When they halt trading for 30 seconds you have no control of where price re-opens at. You could lose all profits and end up with a loss. Today was a once-in-a-lifetime occurence in magnitude.
Oh... and p.s. all the bull you hear on TV is just that. You saw that the market has been working on this correction for almost two weeks.
What I don't know for sure is whether this was just a test to scare up buyers before a move higher or if this mght be the openning volley of a major correction which we are right on schedule for.
Either way, one-day-at-a-time. We will know.
Warning: Many thousands of traders lost massive amounts of money today. The same could happen to you.
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