(Click on image to enlarge it)
(This is Part 12 of a series. Go back to Part 11.)
When you are fortunate enough to have a Zero Hit form when BTX is already in a strong trend (above 40 in this case), it’s just about as close to a “sure thing” as Mr. Market will ever present to you!!
The parabolic advance which occurred immediately afterwards was of historic proportions, with prices advancing from roughly $1.65 (back adjusted) at the time of the BTX crossover in August 2005 to +/- $4.00 at the top in May of 2006. That’s a move of $2.35, or $58,750 per contract, in less than a year. Note also that the percentage advance from $1.65 to $4.00 was more than a 140% move.
Of course, no one could have exited the trade at top tick – these figures are presented only to demonstrate the incredible power that can occur when the Ocean tools herald a true parabolic “run-away” bull market.
(This is the end of Part 12. Go to Part 13.)
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