Greg's Scratch Board

[Gregory_]

CLME followup -

This one is tough to call. It opened above the prior long real body's close and hung there all day until the last seven minutes in the day, when it dropped to 0.08 (-33% from doji). Strange enough, 2 after-hours trades occurred: one at 0.09 and another at 0.10. Therefore, the after-hours close is actually, 0.09. This would still warrant a sale. I would either have not jumped into this or sold due to the lack of movement in PPS throughout the day. That's just playing it safe, however. We'll determine the actual loss for the board tomorrow at the open. If the open is anything above 0.095, I will mark it as a sell (with a loss, if necessary).

Another point I would like to add is that the MACD is very negative on this stock. That may be useful in the future. If there is a high negative push on the MACD, it may be unlikely the force from the harami cross will counter.

From a prior post:
If the pps closes below the prior long real body's close, sell, even for a loss, as the trend is likely to continue downard.