Posted by frtaylor on 17th of Sep 2010 at 09:53 am
Matt, could one reasonably interpret the last 5 or so days as a
bull flag that, beginning yesterday, is seeing a b/o? In that case
one would go long now, right? Except of course for that pesky
resistance overhead. I guess I'm asking your views on the merits of
getting in now vs waiting for that overhead resistance to break.
Thoughts?
I think today is a good day to be cautious of longs except for
day trades and also a day to take profits on existing longs since
it's Friday etc. Plus the market stopped near resistance and
is overbought, and it's options expriation
for the watchlist, a lot of longs come off today as I have been
saying at the comments in the top, good day to clean up the list
and start fresh.
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BRKR trade idea
Posted by matt on 17th of Sep 2010 at 09:41 am
BRKR char t - trade idea long over 14, I also added it to the trade ideas list on the blog
Matt, could one reasonably interpret
Posted by frtaylor on 17th of Sep 2010 at 09:53 am
Matt, could one reasonably interpret the last 5 or so days as a bull flag that, beginning yesterday, is seeing a b/o? In that case one would go long now, right? Except of course for that pesky resistance overhead. I guess I'm asking your views on the merits of getting in now vs waiting for that overhead resistance to break. Thoughts?
Roger
I think today is a
Posted by matt on 17th of Sep 2010 at 09:59 am
I think today is a good day to be cautious of longs except for day trades and also a day to take profits on existing longs since it's Friday etc. Plus the market stopped near resistance and is overbought, and it's options expriation
for the watchlist, a lot of longs come off today as I have been saying at the comments in the top, good day to clean up the list and start fresh.