One way to make boatloads of money while trading is to take the Train.
The best train to take is the 8 Train.
What is the 8 Train?
The 8 Train is when the price trends aggressively up or down, but NEVER breaks the 8 period moving average. Get in, and don't get out until the 8MA is broken.
Looking at the RUT weekly chart you can see that the 8 train is still chugging along to the downside. Note the rejection it got today as it tested the 8MA.
Something to think about, it works on all time frames.
RUT Weekly Chart:
Monday, December 15, 2008
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