The Upthrust

A very powerful sign of weakness, and usually a very reliable one too, is the Upthrust.  For an upthrust to be effective there must be weakness in the background.  Study the background of your chart - there must be weakness, ie. evidence of professional money selling, seen as very high volume or ultra-high volume on an up-bar.  Today the upthrust appeared, see chart below.  The upthrust is marked Point A.  It is a bar which has gone up only to fall and close on the low.  This is done to trick traders into thinking the price is going up, and to catch the stops of those who were short (selling).  The price shoots up, triggers lots of stops, knocking those traders out, and shoots down.  I went short (sold) at the close of the upthrust bar and took 20 points profit.  That's it for today.  Going out tonight.