That was certainly a very bloody finish today!
As to the H&S chart you posted previously, I look at it and just don't see it. It almost amazes me how folks see these H&S thingies. No wonder that they seldom work. Clearly, however, the down trend channel is absolutely brutal.
Unlike TM, I did not cut loose my big-time involvement in the Cubes. The way I see it, as long as the weekly trend line is above me, I'll stay in the game. By my picture of things, we are simply at the bottom of this trading channel and, unknown what the factor may be, the direction of choice is up. That said, the 60 min is Fugly, and does not encourage an optimistic philosophy.
But, then, I'm a card carrying, life member, Optimist!
TB |
