Re trend lines and candle wicks: I just got a copy of Steve Nison’s 1991 book in which he says, “The Japanese place great emphasis on the relationship between the open and close because they are the most emotionally charged points of the trading day.”
Re trend lines and candle wicks: I just got a copy of Steve Nison’s 1991 book in which he says, “The Japanese place great emphasis on the relationship between the open and close because they are the most emotionally charged points of the trading day.”
I haven’t listened to the recap yet, but, it looks like a nice breakout to me! Thx Chess!
Great video Chess thank you! Your comment that its an art not a science and you are trying to capture the essence is spot on. Here is my SPX chart
http://www.screencast.com/users/Lasertrader/folders/Jing/media/77035ea9-5a39-4d70-8876-0b86aa13f569
The one thing we cant argue with is the trend of higher highs and higher lows on this move up. Trend is cautious up until this changes.
Have a nice evening
Still the best in the business Chess, great recap once again.