On Ford as an example of the power of Steve's work: On 8/29
someone (not on BPT) asked me about a Ford position with 5 figure
gains. I drew the attached chart and told him to look for a Lower
High in this area because of the recent break in symmetry and to
put a stop under the 20 MA. There was also minor negative
divergence. He got out around 17, preserving most of his gains.
That was over 17% ago.
Ford now? No positive divergence; no trigger to be long yet, but
over yesterday's high could be. Not interested personally at this
point.
F
Posted by morton13 on 9th of Oct 2014 at 09:07 am
daily, tail yesterday possible entry today.
I added to my long
Posted by hawkinslf on 9th of Oct 2014 at 10:32 am
I added to my long on F at 13.99....it is a core position and not going anywhere, IMO
On Ford as an example
Posted by a_l_ on 9th of Oct 2014 at 11:06 am
On Ford as an example of the power of Steve's work: On 8/29 someone (not on BPT) asked me about a Ford position with 5 figure gains. I drew the attached chart and told him to look for a Lower High in this area because of the recent break in symmetry and to put a stop under the 20 MA. There was also minor negative divergence. He got out around 17, preserving most of his gains. That was over 17% ago.
Ford now? No positive divergence; no trigger to be long yet, but over yesterday's high could be. Not interested personally at this point.
Amen, brother
Posted by desoto on 9th of Oct 2014 at 11:14 am
Amen, brother