The market sold off in the afternoon sharply after breaking
intra day support, that's why SLG as well as many other stocks
pulled back. Were you here during the day? Also intra day I
sent out an alert to consider locking in some profits on the watch
list Longs and that we would be taking some of them off the watch
list.
here's a 5 min chart of the S&P 500, see how it sold off
after breaking that support line in the afternoon; that's one
reason why SLG sold off, we posted this chart here during the day
before it broke down as an early warning to be careful with
longs.
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Does anyone know what happened
Posted by edsoumi on 4th of Dec 2009 at 01:06 am
Does anyone know what happened to SLG today. was doing well then all of the sudden it sold off?
The market sold off in
Posted by matt on 4th of Dec 2009 at 02:16 am
The market sold off in the afternoon sharply after breaking intra day support, that's why SLG as well as many other stocks pulled back. Were you here during the day? Also intra day I sent out an alert to consider locking in some profits on the watch list Longs and that we would be taking some of them off the watch list.
here's a 5 min chart of the S&P 500, see how it sold off after breaking that support line in the afternoon; that's one reason why SLG sold off, we posted this chart here during the day before it broke down as an early warning to be careful with longs.