May

6

It is refreshing to experience mythology in real-time. Yesterday, CL stop running was near picture perfect, acceleration through resistance, a short reversal and pause to retest, then a sharp move to take out the next.

But then again, describing a chart formation as being a resistance or support is subject to one's perspective. For clarity, support should replace resistance.

Victor Niederhoffer writes:

One must not forget the ecology of markets. All related. Down big in so many has gravitational and equilibrating return. 

Jonathan Bower comments:

Overnight CL trading reminded me of this Simpson's episode. Enjoy.


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