"There is Nothing Wrong with a Passive Defense when Faced with Uncertainty."
2D, 10m. - Apr. 30th. - Early morning momentum led us into a trade to the upside which did not go well. There was a nice move to the upside but it failed and fell back and the trade was stopped out with a small 25 cent loss. From there the market continued its retreat. The close was weak.
20D, 2 Hour - Apr. 30 - The Channel Trend continues UP! The Trend is Your Friend so take care if you try and swim against it.
3M, Daily - Apr. 30 - Trend remains UP!. Resistance sits like a lid on the market. This has been highly touted as a Siegfried Line with iron clad defense. That remains to be seen. Perhaps the Hedgehog has it right. Ball up and stay out of the way.
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