In 2007, Tim managed to enter a short position after the identification of a long tailed bar followed by a long red bar. Shortly after, the market turned against him by almost 100 points. What pain!! “Ouch!!”. He remembered the ratio play that his good friend has used in the year 2000. He remained steadfast.
Tim has also entered a second short position in the last quarter of 2007 when he saw another another long tail followed by a long red bar in an uptrend market.
In 2008, the market plunged. S&P dropped 200 points, 700 points
and up to 800 points in early 2009!!
What will Tim be doing in this up-trending market of 2014?
Stay tuned for more articles on Tim!!
Please share this article with your friends. Thanks!!
Trading is not for everyone.
Trading is risky and past performance is not indicative of future results.
Please seek your financial advisor for your investment and trading information.