Not surprised that stockplaya is a Karl fan...
S&P500 30 min and it looks like what I said yesterday was likely, a consolidation of the prior days big move down. The rally was held back by the 38.2% from Tuesday's high (and the trendline from the high on 27/10) so that keeps this move down in a strong position.
What I really don't want is a fast run up early to backtest the broken trend line. That would really test me out if it did that. I will have to cut my losses if it does that to me.
Matris, did you make that call for me buddy?
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chris fords rambo friday - 11/11/11, page-86
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