ERY- on the watch list, I wanted to mentioned this the last
couple of days, but I think I forgot. ERY broke out a few
weeks ago and rallied, but I said that it was likely to pullback
and that it would be a good buy on a pullback. It found nice
support on the 20 MA
Matt, question. If you were looking to buy ERY, would you
have bought it yesterday if it was the setup you were looking for
(sitting on 20EMA, Stoch, etc). Or would you wait for the
breakout. It's a decision I struggle with all the time.
ERY, it would have been something that you could have started
scaling in over the last couple days, those were my comments in the
audio updates, to watch it for a scale in long on a pullback.
Now, some people bought it 3 weeks ago when it broke out. So
one could have bought it then sold it after the first move up since
a pullback was imminent and then looked to buy it again after the
pullback. Or...someone who missed the initial breakout, like
I stated in my previous comments, it was one to watch for a
low risk entry after a pullback, and that's what happened
basically, it pulled back to just over the 20 day MA
It doesn't really state this on the chart,
but in the audio updates that I had on the watch list over
the last couple weeks, I said to keep an eye on ERY on a pullback
to the 20 MA
ERY
Posted by matt on 2nd of Jul 2009 at 10:21 am
ERY - on the watch list, I wanted to mentioned this the last couple of days, but I think I forgot. ERY broke out a few weeks ago and rallied, but I said that it was likely to pullback and that it would be a good buy on a pullback. It found nice support on the 20 MA
ERY
Posted by jd111 on 2nd of Jul 2009 at 11:09 am
Matt, question. If you were looking to buy ERY, would you have bought it yesterday if it was the setup you were looking for (sitting on 20EMA, Stoch, etc). Or would you wait for the breakout. It's a decision I struggle with all the time.
ERY, it would have been
Posted by matt on 2nd of Jul 2009 at 11:12 am
ERY, it would have been something that you could have started scaling in over the last couple days, those were my comments in the audio updates, to watch it for a scale in long on a pullback. Now, some people bought it 3 weeks ago when it broke out. So one could have bought it then sold it after the first move up since a pullback was imminent and then looked to buy it again after the pullback. Or...someone who missed the initial breakout, like I stated in my previous comments, it was one to watch for a low risk entry after a pullback, and that's what happened basically, it pulled back to just over the 20 day MA
It doesn't really state this on the chart, but in the audio updates that I had on the watch list over the last couple weeks, I said to keep an eye on ERY on a pullback to the 20 MA
Buy at least some yesterday.
Posted by dodgerdog on 2nd of Jul 2009 at 11:10 am
Buy at least some yesterday.