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A Bad holiday HIGH !!!


Here is a trade I missed. I wanted to take a long trade on the close on Tuesday but didn't get back in time.....anyway, look at those 4 bars at the highs...we know lots of stops would probably be up there from this low volume trade....they ended up running them out in the overnight...
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a bad high



If this had been a well formed high we would see the market move away from the area rather quickly as if the participants are saying "I better get short and quick or I'm gonna miss the move". The fact that we traded back to an area with 4 seperate 5 minute bars is showing no real rush to exit longs or get short"

I hope everyone enjoys the holiday season.

Bruce
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