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Or one could stubborly hold to a bullish bias, ignore the test of resistance, and stand by while watching most or all of his long profits evaporate. But that's the difference between trading reality rather than dreams. |
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The same could be said of yesterday. There was a 'test' at 1990, high volume and the initial reaction pushed price lower, just like today. The difference is that price continued higher while today it reversed. So one should have reversed longs too yesterday than?