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TripTrap

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TripTrap

Re: None

Friday, 07/23/2021 10:03:14 AM

Friday, July 23, 2021 10:03:14 AM

Post# of 37836
So today the 5 min 250 EMA sits approximately at .4525. Need to climb above that to have a real run.

My concern is we have built up quite a flat shelf at @ .44 with multiple bounces off of it including this morning around the opening. Would expect to see a spike below there today/Monday for the MMs to shake out the stop losses and then quick recovery IMO...

Anything could happen here. We heard what Dave said...a possible "massive expansion" coming sometime between now and early next month. Enough of a possibility to hold up the name change.

I would not want to be flat when news hits whatever it may be.

"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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