Trading to win using the Secret Code of the Illuminati

Out of the gate and don’t be late

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The System

The System

Last week’s low was broken in the overnight trade, and was a clue to get short and hope for the best at the gap fill open. While risky, it was at least a continuation trade that once established, never looked back.

The weak bounce at lunch to the 74 area was more “profit taking” than excited longs, although I did hear many in the chat room “guessing” the bottom all day long.

The action ground lower all day long until the day trade shorts covered at an intra-day support area when it was time to protect profits. Grail traders were rewarded for their confidence in a system that works well most days.

This is option expiration week, and anything goes.

As a reminder to those longs who wanted 957  last week, we are now a stones throw away from 857. Rigidly holding to an opinion can be dangerous to your wealth.

Secret Code traders had a great opportunity to bail and reverse late day for the cigar trade if they had profits.

See what shapes up overnight.

 

Out of the gate

Out of the gate


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