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Re: QTRADERQ post# 38004

Tuesday, 05/01/2012 11:27:28 PM

Tuesday, May 01, 2012 11:27:28 PM

Post# of 232508
gotta see tomorrow.

it will look good if:

1. red day tomorrow. a 0-10% drop will make the chart looks good. naturally i prefer a day like this. a reversal occurs in a series of steps. a V recovery is only an exception, not a rule.

2. green day, the bigger percentage %% the better, but if this is the case, i suspect a red day on thursday. it will make this look like a V shape recovery though.

it will look bad if tomorrow there is a big red candle that drops as low as Monday's low. I don't think this will happen but then we will see tomorrow.

Disclaimer: Everything expressed here is my opinion.
Never base on my opinion to buy, sell, and/or hold a security