3309 Drysdale Ct
Edwardsville, IL 62025
Getting tired IMHO
Got my eyes on 285 then 295 for a possible double bottom ... still long BIS
Rising wedge in 5min
Sure, but the capitulatory selling shown on your chart indicates that most of the those who were intent on selling have gotten out. So it might drift sideways from here, but I wouldn't conclude that it's going to go shooting down again.
I don't conclude anything ... just mentioning that the rally off the bottom looks tired ... I don't know what will happen, nobody here knows ...
But I have some BIS ... so my bet is on the downside ;)
A bear call spread might be doable. Did not mean to sound so strident in my post!
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IBB ...
Posted by mla127 on 5th of Oct 2015 at 10:12 am
Getting tired IMHO
IBB Update
Posted by mla127 on 6th of Oct 2015 at 10:57 am
Got my eyes on 285 then 295 for a possible double bottom ... still long BIS
IBB Update
Posted by mla127 on 7th of Oct 2015 at 09:34 am
Rising wedge in 5min
Sure, but the capitulatory selling
Posted by frtaylor on 5th of Oct 2015 at 10:18 am
Sure, but the capitulatory selling shown on your chart indicates that most of the those who were intent on selling have gotten out. So it might drift sideways from here, but I wouldn't conclude that it's going to go shooting down again.
I don't conclude anything ...
Posted by mla127 on 5th of Oct 2015 at 10:36 am
I don't conclude anything ... just mentioning that the rally off the bottom looks tired ... I don't know what will happen, nobody here knows ...
But I have some BIS
Posted by mla127 on 5th of Oct 2015 at 10:39 am
But I have some BIS ... so my bet is on the downside ;)
A bear call spread might
Posted by frtaylor on 5th of Oct 2015 at 10:50 am
A bear call spread might be doable. Did not mean to sound so strident in my post!