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The market is like a smokestream with winds of varying strength that blow in
different directions at different times. I would dearly love to have a
system that could profitably trade the path of a smoke particle as though it
were price. Every day we are presented with a new smoke stream that starts
at the open buffeted by the damn globex and extended trading hours. End of
day software is becoming less than satisfactory and the cure for the need of
sleep is not here yet. Thus, I am forced to be discretionary to a large
degree lacking the composite market environment barometer. I am forced to
be that particle that bounces off the edge of range +expansion and travel
back to the middle of the stream. Perhaps a power trader coughs and blows
me to the other side. Fibonacci lives in the smoke stream channel.
BobR
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