EWZuber
1,373 posts
msg #58137
- Ignore EWZuber |
12/14/2007 2:32:05 PM
H&S type pattern set up on the COMP 5 min chart and price is sitting dead on the neckline now.
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nikoschopen
2,824 posts
msg #58138
- Ignore nikoschopen |
12/14/2007 2:39:52 PM
Based on those patterns, what ure outlook for this afternoon? Up or down?
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nikoschopen
2,824 posts
msg #58139
- Ignore nikoschopen |
12/14/2007 2:48:59 PM
Timberrrrrr!!!!
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EWZuber
1,373 posts
msg #58140
- Ignore EWZuber |
12/14/2007 2:51:22 PM
And there it goes.
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EWZuber
1,373 posts
msg #58141
- Ignore EWZuber |
12/14/2007 3:10:13 PM
COMP'QQQQ bouncing off of the LoD. Seems futile and its the 11th hour before the 15 DMA is broken as support.
A good place to cover a ST short.
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EWZuber
1,373 posts
msg #58144
- Ignore EWZuber |
12/14/2007 3:20:22 PM
LoD taken out big time!
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nikoschopen
2,824 posts
msg #58145
- Ignore nikoschopen |
12/14/2007 3:23:43 PM
By no means is this over! I suggest that you get out at MOC.
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EWZuber
1,373 posts
msg #58146
- Ignore EWZuber |
12/14/2007 3:24:16 PM
This will likely have LT implications, causing severe technical damage to the Weekly Chart accumulation phase and confirming the 25 WK.MA as resistance.
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EWZuber
1,373 posts
msg #58147
- Ignore EWZuber |
12/14/2007 3:34:33 PM
nikoschopen, I'm not trading this. The place to short this was at the double top pattern at the HoD ~$51.50. However, not knowing if that was going to hold as the top through the rest of the session I had to pass it up.
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nikoschopen
2,824 posts
msg #58148
- Ignore nikoschopen
modified |
12/14/2007 3:38:42 PM
WTF! I'm seeing a deja vu!
Considering that it's Friday, we might get a sharp selloff before the close. Gggrrrr!
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