July 20, '04. A Greenspan morning meander...


On an anticipated day of Federal Reserve testimony before Congress by Chairman Greenspan, trends are usually delayed until the end of the day. But two-sided trading can have its profitable if humble opportunities. Today's simple double top provided a short-sale signal worth 2 pts in the ES contract and 25 in the YM (mini-Dow) to close their respective gaps. Learn a special divergence trick to identify a double top or bottom just as it occurs, in the training course Pivots, Patterns and Self Recognition.