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Re: Picks77 post# 298369

Friday, 07/15/2016 7:07:01 AM

Friday, July 15, 2016 7:07:01 AM

Post# of 363975
Thanks buddy....appreciate that. Truth be told, right now (last 2 days included) is a tough trading environment. Problem with all time highs is there are no known resistance levels to trade against, so ultimately price wonders until people take profits and it consolidates....creating a heavy volume area (Volume-by-price band will build), and ultimately it creates a resistance area. Major support is where price broke out, and despite all the gaps on this run to new highs, price doesn't HAVE to fill those....consolidation happens two ways, through price or through time (sideways). Time to be patient and not over trade. Stock pickers market for the time being.

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