When to Bend the Rules

Even in tedious markets, there will be opportunities to force trades. But how far should we bend the rules in order to do so? During this session, we pondered some fine nuances of that question as we pored over December Gold’s intraday charts. The futures were in the second week of an apparent consolidation, presumably setting up for a $30 thrust. In this case, as you will see, the lure of a potential $3000 winner is not necessarily sufficient to coax the canny Pivoteer beyond the boundary of good sense.