Killed trading cliche of the day. Elevators and stairs.

One of the frustrating cliche that is making it’s way around is that the market goes up the stairs and down an elevator. If you have looked at the market over the past year or more you can see it is quite the opposite.  Longs have paid you much more quickly than the shorts.

As far as the whether the market goes up or down an elevator is dependent on how scared people are and how volatile the market is.  If the market is in a range it is more likely to panic in the opposite direction of the bigger trend.  Even as we have seen the $ES_F fail to take out its 1352.75 the selling has been pretty controlled.

If we get out of range maybe that will change. You have had to be quick to take profits on either side.  The market is trying to find reasons to buy this and it has made sellers squeamish and might eventually lead to complacent buyers.  If you keep selling make sure you have bullets for when it happens. Have bullets when there is fish in the barrel.

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