Watching the fiasco tonight just like everyone else, but decided to pull up a monthly chart for the ES. Pretty interesting.....
The high in March of 2000 was 1574.25. The high in Nov of 2007 was 1586.75, higher by about 12 points, BUT the close of that monthly bar was 1555.00 - below the 2000 high. Classic poke bar. Shorting the break of the low of that bar might have been the play of the decade.
Doesn't mean sh** now obviously, but I thought it was interesting. Wish I had caught it at the time, but again, no way in hell I am holding anything more than a couple of hours, what more a couple of months.
That all folks - go back to prying the fillings out of your mouths to cash in on the silver, and remember - use the stove to melt it down, not the microwave.....
The high in March of 2000 was 1574.25. The high in Nov of 2007 was 1586.75, higher by about 12 points, BUT the close of that monthly bar was 1555.00 - below the 2000 high. Classic poke bar. Shorting the break of the low of that bar might have been the play of the decade.
Doesn't mean sh** now obviously, but I thought it was interesting. Wish I had caught it at the time, but again, no way in hell I am holding anything more than a couple of hours, what more a couple of months.
That all folks - go back to prying the fillings out of your mouths to cash in on the silver, and remember - use the stove to melt it down, not the microwave.....