Trend Lines and Rabbit Tracks have a lot in common. They should make you look that way.
5 Day, 15 min. - May 13 - Our trade analysis of the day was based on observing the overall trend to begin with. It was headed down. We then followed the progress or lack of of the internals (A/Ds & UVOL/DVOL. The momentum was down so we entered a Put Trade @ 89 on the SPY. This was closed out at the lows of the day with the expert advice of my on board technical advisor who punched the trigger at the perfect time while I was absent. We made $120 on this cooperative effort. Thank you Maury.
3 Month, Daily - May 13 - The Intermediate Trend is Bullish. There is a current Bearish Countertrend. We need to be on our toes as to where we go from here. The momentum is down but the market has a way a reversing very quickly.
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