Posted by junkmaylbox on 9th of Jun 2009 at 06:47 pm
I understand. On one hand, you could not have predicted this
tanking tonight: it's an act of God, so to speak, which is not
found anywhere on the charts. On the other hand, it was not moving
up like it should have been _before_ today. The daily chart shows
signs of distribution... If this were a gold stock, I'd re-enter it
after its price dropped more tomorrow. Because it's a banking
stock, I would take my loss and move on. I hope my critical
comments help. Good luck!
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I understand. On one hand,
CNB
Posted by junkmaylbox on 9th of Jun 2009 at 06:47 pm
I understand. On one hand, you could not have predicted this tanking tonight: it's an act of God, so to speak, which is not found anywhere on the charts. On the other hand, it was not moving up like it should have been _before_ today. The daily chart shows signs of distribution... If this were a gold stock, I'd re-enter it after its price dropped more tomorrow. Because it's a banking stock, I would take my loss and move on. I hope my critical comments help. Good luck!