That Diamond Line

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Well this is disturbing………


Why would a column of nothing but profits be disturbing? Simple: because I have found I am an vastly better trader in the Virtual world than the Real world. Like………..vastly, vastly, vastly. I’m sure there’s a psychological lesson in there somewhere. Probably a bunch of them. In any case………..


By far the coolest thing I saw today was this: a long while back, I had drawn a diamond pattern on the Russell 2000 index. Today, just for the hell of it, I chose to Extend Right the lower-right trendline of the diamond. Oh mah gard! Today’s high price exactly, exactly, exactly tagged it. Beautiful!

slopechart RUT

Here is a closer look. No matter how long I do this, I never cease to be amazed.

slopechart RUT