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Thursday, January 28, 2021 9:52:46 AM
Little gap down on the open. The low so far bounced off the 10 EMA and looks like they will try to close this morning's gap down. Notice how often stocks in general will open in the morning in one direction on a head fake and then stop and reverse and go in the opposite direction the rest of the day. Will see how that works out today....incase we need it the next big support is at .381 but let's hope not. Hopefully it hangs in there and we get an inside day.
You are very welcome guys...analyzing charts, especially when I have a lot of money on the line, is a passion. Mr. muse I have pretty much learned from the school of hard knocks looking at thousands of hours of charts. Look for any book that looks at chart patterns and price action and steer away from indicators in general. I do like EMA's for dynamic support and resistance however...
"It never was my thinking that made the big money for me. It always was the sitting. Got that? My sitting tight!" - Reminiscences of a Stock Operator -
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