Laugh now - but if you are driving down the Interstate and see the warning, you better pay attention.
Blogs I read
I am going to [attempt to] revamp my Blogroll in the next week or two...the service BlogRolling has been broken since 2008, and the company itself has to win the award for most poorly run company in the history of poorly run companies.
I am going to limit my Blogroll to blogs I actually read. If I read your blog and reference you, you will be on my Blogroll. If I don't read your blog, you won't be on my blogroll (no offense intended). If you don't think I read your blog, send me an email and I will take a look at it (put Blogroll in the subject line of the email so I can spot it quickly).
Trading the "W"
Last week I made a post referencing one of Trader Jamie's posts ("Shorting the h"). I also read about a "W" and "M" pattern - I don't know if it was on Trader Jamie's blog or another blog because I forgot to save it.
Regardless, I wanted to put up a chart for you to review. Yesterday the NQ futures carved out a (not so perfect but still interesting) "W" pattern with a higher low and a move to the Fibonacci extension (and beyond).
These patterns are ripe with Fibonacci ratios, so take the time to analyze them.
DISCLAIMER - I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES; I JUST POST MY THOUGHTS, TRADES, AND OPINIONS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS. ALL CHARTS ARE COURTESY OF REALTICK. ALL TIMES INDICATED ARE NY (EST).