Posted by dallassteve on 30th of Jun 2009 at 11:31 am
vida, thanks for the chart. Looks to me that this could be
a powerful long term move up (wave 5?). What do you see as
targets, and will you take half off the table at some point?
Well, let's see it get moving first then I will evaluate. Here
is a
chartof some Fib retracements that coincide
nicely with a gap, 20 MA and horizontal resistance. What I do is
set alerts and look at the charts when/if we get to these areas. I
try not to look too much at what swing trades are doing.
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TBT
TBT gapped up
Posted by Vida on 30th of Jun 2009 at 11:24 am
TBT: stop below 50 looks reasonable, otherwise that horizontal line coud be support. I am in at 50.55 from 2 days ago at the 200ma then.
Chart
TBT trend
Posted by dallassteve on 30th of Jun 2009 at 11:31 am
vida, thanks for the chart. Looks to me that this could be a powerful long term move up (wave 5?). What do you see as targets, and will you take half off the table at some point?
Well, let's see it get
Posted by Vida on 30th of Jun 2009 at 11:58 am
Well, let's see it get moving first then I will evaluate. Here is a chartof some Fib retracements that coincide nicely with a gap, 20 MA and horizontal resistance. What I do is set alerts and look at the charts when/if we get to these areas. I try not to look too much at what swing trades are doing.