Tuesday, October 28, 2008

A Look at Today's Move

Take a look at the daily chart of CLF. Today's candle was pretty small, almost an insignificant move up compared to the moves it has had before.

But look at the 1 minute chart

This stock was up 29% today! Don't underestimate the % moves we can have at these low low levels! Don't be afraid to jump on long during this panic buying, and be very scared to short in front of these trains.