This is a postscript to my previous post and a recognition that the market gave up half its impressive mid day gains by the close, much of it in the last hour.
Sincere congrats are due by all readers to my esteemed cohort Rob Hanna for so diligently pointing out this probability in his earlier post. It takes a lot of time to put these posts together, especially when they involve designing, coding and backtesting market scenarios and Rob continues to be one of the hardest working and innovative of my fellow Prophets so “Thank You Rob” for trying to keep our trading accounts in the black. We are a tough audience.
