Thursday, November 6, 2008

Obedient BNI

With incredulous accuracy, Burlington Northern's price patterns have been absolutely dictated by my perfectly drawn voodoo lines. This was proposed as a wonderful short candidate north of 90 and it has proved itself this week. Of course, when the entire market loses 10% in two days I can't take too much credit. Further, charts don't make quadruple bottoms. So if any of your trading strategies (put credit spreads, selling OTM Puts, etc.) are banking on support holding at 73.....good luck.

BNI

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