Thursday, 10 June 2010

Congestion!




















You know sometimes the universe is trying to tell you something and you just don't listen? Like falling out of bed this morning for example. I should have known that it was going to be one of those mornings!
The market has been a right moody wench this morning, "up and down like a whores drawers". It's not the first time that I've been caught up in this kind of congestion, and I'm sure it won't be the last either, but it doesn't exactly fill you with that warm fluffy feeling inside.
I've been stopped out 3 times this morning - good job I'm only using small lots.
The trend changing signals are just not cutting it this morning, so I'm going to use the 20-20 method instead. It looked like we were going to have some longer trending moves this AM, but that simply hasn't been the case.
I mean, looking at the chart, the only decent sign I can see is a monster truck...

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