3309 Drysdale Ct
Edwardsville, IL 62025
Buying the support at uptrend line hoping for a rally to top of triangle.
But it looks like a bear flag on the 15 min chart, including light volume on the up move.
It does look like it however I'm thinking the support will hold and negate it.
Looks like a good call. 15 min to go til the close (confirmation).
buying support and selling resistance works many times, I much prefer doing that than shorting breakdowns etc
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Long SPY here at 133.89, stop at 133.50
Posted by tomW1 on 11th of Jul 2012 at 03:18 pm
Buying the support at uptrend line hoping for a rally to top of triangle.
But it looks like a
Posted by frtaylor on 11th of Jul 2012 at 03:20 pm
But it looks like a bear flag on the 15 min chart, including light volume on the up move.
It does look like it
Posted by tomW1 on 11th of Jul 2012 at 03:22 pm
It does look like it however I'm thinking the support will hold and negate it.
Looks like a good call.
Posted by frtaylor on 11th of Jul 2012 at 03:45 pm
Looks like a good call. 15 min to go til the close (confirmation).
buying support and selling resistance
Posted by matt on 11th of Jul 2012 at 03:51 pm
buying support and selling resistance works many times, I much prefer doing that than shorting breakdowns etc