3309 Drysdale Ct
Edwardsville, IL 62025
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 guide
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 so far. Too a long there but neg div on the MACD has me concerned.
Yeah I am definitely watching that trendline.
Subscribe to our email list for regular free market updates as well as a chance to get coupons!
Man, really pulling back mightily
ERX 15 min
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.