Trading is like shooting…

in rifle marksmanship, we talk about the “natural respiratory pause” the moment of balanced hesitation between the exhale and inhale during normal breathing;

this is when we teach the shooter to squeeze the trigger, when the body is at maximum stability

there are 2 moments: after the inhale is complete, but before the exhale begins; and after the exhale is complete but before the inhale is complete

now, think about the metaphorical relationship between rate/type of breathing and the amount of relative volatility

a bottom tail, then, corresponds to “last gasp”

Updated: May 12, 2011 — 10:10 am
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