parkridge - the early pop this morning saw ERX form a black
candle that was not confirmed by momentum thus leading to a quick
reversal. Need to be quick when playing counter trend with
the SPX tagging resistance to boot.
Posted by parkridge77 on 25th of Aug 2011 at 10:41 am
ERX- thnx steve- so that pattern negated I guess- looking for
swing entry & still see 37 as a safe bet-- but Matt's comments
on that gap got my attention yest !
frtaylor- yes the market reversed down after the
S&P 500 perfectly filled the gap target, most things pulled
back, so only logical that ERX would as well
one thing to watch is an uptrend line on that chart to see if it
finds support there
ERX 15 min
Posted by matt on 25th of Aug 2011 at 09:18 am
ERX - inverse H&S
What do we watch now
Posted by parkridge77 on 25th of Aug 2011 at 10:36 am
What do we watch now for on ERX chart Matt? Inverse H&S totally negated with this move now? thnx
parkridge - the early pop
Posted by steve on 25th of Aug 2011 at 10:38 am
parkridge - the early pop this morning saw ERX form a black candle that was not confirmed by momentum thus leading to a quick reversal. Need to be quick when playing counter trend with the SPX tagging resistance to boot.
ERX- thnx steve- so that
Posted by parkridge77 on 25th of Aug 2011 at 10:41 am
ERX- thnx steve- so that pattern negated I guess- looking for swing entry & still see 37 as a safe bet-- but Matt's comments on that gap got my attention yest !
Man, really pulling back mightily
Posted by frtaylor on 25th of Aug 2011 at 09:57 am
Man, really pulling back mightily here from the breakout. Any advice on a stoploss? Currently I have it at 43.40.
I'd use XLE for a
Posted by bkout3 on 25th of Aug 2011 at 10:01 am
I'd use XLE for a guide
frtaylor- yes the market reversed
Posted by matt on 25th of Aug 2011 at 10:00 am
frtaylor- yes the market reversed down after the S&P 500 perfectly filled the gap target, most things pulled back, so only logical that ERX would as well
one thing to watch is an uptrend line on that chart to see if it finds support there
Nice bounce off that trendline
Posted by pebs on 25th of Aug 2011 at 10:15 am
Nice bounce off that trendline so far. Too a long there but neg div on the MACD has me concerned.
Yeah I am definitely watching
Posted by frtaylor on 25th of Aug 2011 at 10:01 am
Yeah I am definitely watching that trendline.
currently @ 45.88 asking. Hope
Posted by frtaylor on 25th of Aug 2011 at 09:24 am
currently @ 45.88 asking. Hope it comes back down to my limit order!