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The strategy I use is called TBNM, which stands for “Tops, Bottoms and No Middles!” I hope to find key turning/inflection points, because if correct on the read, sweet risk/reward situations present themselves.
I am of the opinion that good to great opportunities come from extremes.
Joe Friday says…It appears that extremes are in play in the assets above at (1). What would you do in this circumstance?
Full Disclosure…Members are playing this situation/sector in several ways and just an FYI, the top chart is NOT the U.S. Dollar!
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VB
Yes the bottom chart is WTI. The top chart is the “Fear Index” on Crude Oil
The lower chart is the WTI, isn´t it ?
Hey, Joe needs to remember that the word “ma’am” is spelled this way because it’s the contraction of “madam.” You need to inform Joe to hunt down and cuff that apostrophe!
http://dictionary.reference.com/browse/ma%27am?s=ts
Enjoy your emails. Have a good weekend.
AW