Ever wonder why history repeated itself over and over again. As seemed in the chart, what had happened in
June 2007, has repeated again in August 2010 with price headed up to 2007 high and reversed downward.
There is no coincidence at all.Both sold off happened after extremely high transaction volume weeks before where the Smart Money were busy transferring their holdings to their unwary HERD who thought there was further profits to be made. Just too bad, the market is always ready to punish those who are greedy and tried to take advantages of free ride. THERE IS NO FREE RIDE AND LUNCH IN THE MARKET.
It's not difficult to detect Smart Money activity and step out of the way, not getting trick into such
a common trap which happens every now and then.
Get educated & trained. You will be happy to enjoy trading for life!
