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Thursday, September 02, 2010 9:53:03 PM
CNXT daily and weekly charts - daily looks like it has found bottom here in the 1.45 area. I was also, looking at the weekly and there was a strong resistance (june to july) at 1.15 area.
I do like the daily, just wondering if it may be shorted a little more.
I would buy some tomorrow, but not load the boat, just yet. (maybe buy more if 1.67 is broken the next resistance is at 1.97) It is the sixth consecutive red week, so if my rule works, then next week should be red. (or 8 weeks red? that could bring it to 1.15 area.) The fun of Gambling on the Market.
I do like the daily, just wondering if it may be shorted a little more.
I would buy some tomorrow, but not load the boat, just yet. (maybe buy more if 1.67 is broken the next resistance is at 1.97) It is the sixth consecutive red week, so if my rule works, then next week should be red. (or 8 weeks red? that could bring it to 1.15 area.) The fun of Gambling on the Market.
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