Ace Greenberg suggested the other day that “Wall Street is dead”. I guess we can conclude that the Boyz took it rather personally and decided to put the pedal to the metal.
The passengers were picked up at the ten to twenty platform, and after the train left the station, it was a runaway express all day.
For professionals, days like today are usually difficult because they aren’t the norm. We wrote about this several days ago. There are several clues that help us identify these types of days.
One of the best traders and entrepreneurs on the planet, in my opinion, is Oliver Velez. I have met the man, and consider him brilliant. He describes the “picture of power” that is illustrated by the railroad tracks on the charts.
If you are new to the markets, or having trouble with your trading, why not investigate this man and his ideas?
You have to run to catch the train if you aren’t on board, and chasing doesn’t feel right but it is the only way to hitch a ride on a day like today.