AI
Tuesday, August 03, 2010 7:02:45 PM
STHG Watch
Here is a 60 min chart of the channel, STHG has very choppy trends but we can use the MACD to get better signals. We crossed down and our trend line broke suggesting selling will continue tomorrow. Look for a entry near channel support for the next run up.
Unfortunately we never did reach our channel resistance target. This is a great example of trade what you see, not what you feel. I felt that the channel target would get hit, but once the trend line is broken, its game over for now.
Here is a 60 min chart of the channel, STHG has very choppy trends but we can use the MACD to get better signals. We crossed down and our trend line broke suggesting selling will continue tomorrow. Look for a entry near channel support for the next run up.
Unfortunately we never did reach our channel resistance target. This is a great example of trade what you see, not what you feel. I felt that the channel target would get hit, but once the trend line is broken, its game over for now.
Stop by and visit my board for Ihubs hottest chart plays.
Matt_Chart - Favorite Technical Analysis Charts
http://investorshub.advfn.com/boards/board.aspx?board_id=18372
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