Tuesday, July 6, 2010

OK, This Is What We Get Paid The Big Money For


We were trying to put in a bottom last Friday.

Then late Monday night they plunged it down as if it was going to Armageden, only to attempt a shake-out.

They ran it up overnight as if it was going to the moon.
About thirty points up to the open!

Then they s-l-o-w-l-y reversed after an enthusiastic open.

They tried to get you thinking "sell-off" all day.




But they did what they were planning to do all along.
BUILD THAT BOTTOM!
And a good bottom doesn't get built in one day. It may chop around down there for a while. It may even break lower. Look at your Daily chart to monitor support. But we will know.

Warning!
Futures Trading Disclaimer: Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of future results. The risk of loss in trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.

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