Trade to Win - Proven Strategies to Make Money

c06 JWBT016-Busby October 10, 2008 20:38 Printer: TBD

74 STRATEGIES TO WIN

FIGURE 6.3 Prices from the RoadMapTMsoftware on March 18, 2008.

Figure 6.4 is another look at the action. This is a 15-minute chart. After

2:30PM, the direction was clearly up, up, and away. The bulls dominated the

action for most of the day and did not cede any territory as the exchange

moved into its closing final minutes.

The Face Peel was also profitable on March 27, 2008. Unlike the

March 18, 2008, session, on this date the bears were leading the way

throughout much of the day. The New York Stock Exchange (NYSE) issues

and Nasdaq issues were running significantly negative during much of the

session. At 2:30PM, the bulls made an attempt to pull prices upward as the

FIGURE 6.4 A 15-minute chart of the S&P futures on March 18, 2008.