Posted by:
lpwiseon the 16th of Oct
2009 at 12:13 pm
Looking at the WKLY chart, its possible FORD may go
higher.(Although you can see some divergence in this time
frame).
Notice how the support dots in this mechanical chart got you in
very early in trend.
(As an indication of where the market is at, I haven't been able
to find any wkly buys........lol)
In addition, I posted a trailing stop tool that by Sylvain
Vervoort that is getting very close to a sell (This tool is
available for free in many trading platforms).
Looking at a short-term chart (30min) stock looks wounded.
Many prefer breakout methods, but I think pullbacks are the
way.
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Ford perspective
F - follow-up
Posted by lpwise on 16th of Oct 2009 at 12:15 pm
Ford
Posted by: lpwiseon the 16th of Oct 2009 at 12:13 pm
Looking at the WKLY chart, its possible FORD may go higher.(Although you can see some divergence in this time frame).
Notice how the support dots in this mechanical chart got you in very early in trend.
(As an indication of where the market is at, I haven't been able to find any wkly buys........lol)
In addition, I posted a trailing stop tool that by Sylvain Vervoort that is getting very close to a sell (This tool is available for free in many trading platforms).
Looking at a short-term chart (30min) stock looks wounded.
Many prefer breakout methods, but I think pullbacks are the way.