you made some very valid points and I'm glad you've found a trading style that works for you and makes you money.....a great indicator to use is the DMI: directional movement indicator......this shows buying and selling pressure.....the green line is buying pressure, the red line is selling pressure and the black line is the avg........if you use a 3min chart for today and put in the DMI you'll see that actually sellers were in control for most of the day......red line above the black and green lines equals a sell signal and a geen line above the red and black lines equals a buy signal.........we finished the day w/ buying pressure at 21 and selling pressure at 36....the red line (selling pressure) finished above the green line (buying pressure) and the black line (the avg.)........the SELLERS WERE CLEARLY IN CONTROL GOING INTO CLOSE....also, on the 30 day daily chart the DMI finished w/ the red line at en extreme low.....this is a major sell signal.....just like on the same chart yesterday the green line finished at an extreme high level.....when you see the green line pegged like that, to the top, it's a MAJOR SELL SIGNAL.....it's a contrarian indicator.....an extreme in either direction marks a change in direction.....it was pegged yesterday and today we sold off........the red line is now pegged to bottom on the daily and that is a sell signal......so, i'm looking at continued downside momentum and the gap to be filled......will be looking for a fib retrace at the time...........no hard feelings i hope.....i appreciate your analysis and your input and hope you make lots and lots of money!!!$$$
