May 042012
There was good news and bad news today… The bad news was that the employment numbers turned the day into a trend day. The good news is that order flow ready kept us from fading most levels. It was a long day waiting for some sort of trade opportunity. A long opportunity came about late afternoon, but unfortunately it became a victim of the strong down trend. On today’s annotated chart, I show how order flow kept us from trading against the trend.
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