Market Direction & More

[TraderLady]

Here's a post I made on another board in relation to trend reversal on a stock: (stock traded up 4.17% for the day and the range was 1.19 LOD to 1.25 HOD.....closed at 1.25, this post was made when 1.19's were being bought on the bid.....which is were I accumulated more on Friday)

Posted by: lgb59 Date: Friday, September 04, 2009 8:46:55 AM
In reply to: None Post # of 5797 [Send a link via email]
BEE looks like it may be making it's trend reversal today.....keep on close watch


The above type of reversal alerts to keep a close watch on is the type I would like to see posted. Will it continue on Tuesday? Not sure but I will have it on close watch for confirmation. After buying to high and having to avg down and wait for the next trend upward to profit.....I started studing everything I good get my hands on to see how I could spot the reversals before they show on the candles at EOD....after much reading and practicing I think I may be on the right path. For me the key to be a successful trader is my ability to know that I don't know it all and when I think I might, well the market is always quick to teach me a lesson that I must always continue to learn :)