Today's bounce likely has more upside but will ultimately present yet another good shorting opportunity. Here are a couple of those commodity charts from yesterday. Their longer term trends from these pullbacks are about to come into play, one way or another.
For the most part, trading under these choppy market conditions can be frustrating. I will continue to wait, like Chuck Norris, for the proper time to strike. I will use this time to work on my charting, backtesting, and studying from those traders even greater than I.
Tuesday, August 5, 2008
Another good shorting opportunity in progress
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