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  Giants care not for direction  
YM Fut Jun06 060607 rth
YM Fut Jun06 060607 rth

YM Fut Sep06 060608 rth flipped
YM Fut Sep06 060608 rth flipped

YM Fut Sep06 060608 rth
YM Fut Sep06 060608 rth
The speculator is not an investor. His object is not to secure a steady return on his money at a good rate of interest, but to profit by either a rise or a fall in the price of whatever he may be speculating in. Therefore the thing to determine is the speculative line of least resistance at the moment of trading; and what he should wait for is the moment when that line defines itself, because that is his signal to get busy.
Reminiscences of a Stock Operator
Edwin LeFevre

 
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