Posted by frtaylor on 18th of Dec 2011 at 05:49 pm
Matt, what do you think about the AL chart? I stopped out
when it went back into the wedge. To this novice it now looks
like a good short since it broke the lower support line then had a
bounce up to but not exceeding the upper breakout line. If it
builds a lower high it could morph into a h&s. Or is it
just too messy now w/ all that up/down action to divine a trade
from?
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AL - still a long idea or a short now?
Posted by frtaylor on 18th of Dec 2011 at 05:49 pm
Matt, what do you think about the AL chart? I stopped out when it went back into the wedge. To this novice it now looks like a good short since it broke the lower support line then had a bounce up to but not exceeding the upper breakout line. If it builds a lower high it could morph into a h&s. Or is it just too messy now w/ all that up/down action to divine a trade from?