Chart on Friday afternoon looked to me like market wanted lower
prices and appeared to be some kinda of Wave 4. Now with gap
open lower we COULD have a wave 5 in HOWEVER I'm not interested in
jumping into long side just yet. I want to see confirmed
higher prices hold. BEEN BURNED too many times being first on
into the pool only to find out water was full of SHARKS still.
Side Note - My CSCO scalp swing from last Thursday appears to be
hold and trying to move higher today. Let's see if we can get
$22.25-$22.50 this week
Chart on Friday afternoon looked
Posted by cspirit on 16th of Aug 2010 at 09:59 am
Chart on Friday afternoon looked to me like market wanted lower prices and appeared to be some kinda of Wave 4. Now with gap open lower we COULD have a wave 5 in HOWEVER I'm not interested in jumping into long side just yet. I want to see confirmed higher prices hold. BEEN BURNED too many times being first on into the pool only to find out water was full of SHARKS still.
Side Note - My CSCO scalp swing from last Thursday appears to be hold and trying to move higher today. Let's see if we can get $22.25-$22.50 this week
this gap open will fill
Posted by vimal on 16th of Aug 2010 at 10:06 am
this gap open will fill based on my gap closing rules and I wouldn't be suprised to see us end higher on the day
we shall see