Knowing Where To Look
It pays to know your alert zones at key Fibonacci levels and volatility
bands. TradersWire members were
alerted in the interactive traders chat room well in advance of the
end-of-session rally and were able to capitalize on the move that rebounded off
the 2.0 volatility band and out of a 1-2-3 bottom.
Traders could have used the futures, e-minis, spiders or several
individual stocks that moved in conjunction with the index. Knowing where to
anticipate a move can allow you to profit from it, rather than simply watching
in wonderment.
Until tomorrow,
Duke