orderstat500 - for EUO, today's high was 21.76, the 200 day MA
is 21.75; you always get a reaction at the 200 MA. Ohterwise
to me the pattern looks fine.
Read my comments on my chart, it should technically make another
high for either wave C or wave 3
you almost always get a reaction at the 200 day MA, many times I
put in GTC buy or sell limit orders close to the 200 day MA so that
I'm automatically fill. You would be surprised how many times
you are filled by a few pennies for great trade either for a long
or sell or short, which would be hard to catch manually watching
it.
EUO
EUO Update
Posted by orderstat500 on 7th of Jan 2011 at 02:35 pm
Are we expecting this to trade higher?
orderstat500 - for EUO, today's
Posted by matt on 7th of Jan 2011 at 02:42 pm
orderstat500 - for EUO, today's high was 21.76, the 200 day MA is 21.75; you always get a reaction at the 200 MA. Ohterwise to me the pattern looks fine.
Read my comments on my chart, it should technically make another high for either wave C or wave 3
you almost always get a
Posted by matt on 7th of Jan 2011 at 02:47 pm
you almost always get a reaction at the 200 day MA, many times I put in GTC buy or sell limit orders close to the 200 day MA so that I'm automatically fill. You would be surprised how many times you are filled by a few pennies for great trade either for a long or sell or short, which would be hard to catch manually watching it.
Thanks Matt
Posted by orderstat500 on 7th of Jan 2011 at 02:46 pm