Trade Ideas: Support Forum

[Trade Ideas]

First I would not presume to speak for Dr. Steenbarger, so if you have a specific question about his strategy, please leave him the same question you posted here.

His post is: http://traderfeed.blogspot.com/2009/09/developing-trading-system-to-support.html

That said this is a sell into strength strategy and buy into weakness. So the underlying assumption that a move a bit higher represents a 'loss of steam' seems to make sense.