The biggest firms in the market flipped at that exact price, and had no choice
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Run into an elephant and you’ll just bounce off it. |
And the faster you go, the further you fall back. |
That's what happens to price every morning at 1 particular level, and it happens because the biggest firms in the market are buying below it and selling above it. |
The same firm, in the same minute, turns around and goes the other way. |
They don't decide to do it. What they're already holding forces them to switch, up market, down market, or flat. |
Price stopping at that level is what wrecks most trades, and the bounce off it is where the money is. |
On August 20, Brandon Chapman put $29 under it and took out $80, a 176% gain. |
On September 9, he put $40 under it and took out $100. |
The elephant is there every day the market's open, and he built a screen that shows exactly where it is before the bell rings. |
Show me where the elephant is Monday morning |
To your success,
Don Kaufman |
P.S. There will be an elephant on the board Monday morning. There's 1 every day the market is open, and the trade against it costs about $40. See how to find it. |
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