Peabody in the NEWS

Back in late August, the nascent BTU reversal was identified when an entry would have been low risk.

The chart speaks for itself.

If there’s only one chart that shows the benefit of reading the tape (not advice, not a recommendation) as presented on this site, The Danger Point, BTU is the case in point.

Effective tape reading requires at least 10,000 hours of training and/or experience.

The author presenting on this site, has over 23,000 hours at the tape. However, that experience does not equal perfection.

Experience equates to probability.

The longer one is in the markets, through booms, busts, flash crashes, manic and panic, the more one is able to operate as the masters of old and be separate from the crowd.

Now after BTU has decisively launched higher, everybody’s an expert. Two examples below:

No. 1

No. 2

We indeed, have a position in BTU.

However, instead of looking to buy with the rest of the herd, we’re looking for the exit.

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

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