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Re: reasondeep post# 24437

Monday, 03/04/2013 7:25:28 AM

Monday, March 04, 2013 7:25:28 AM

Post# of 66414
I needed to make something clear, cause I know at least one person misunderstood my post.

I will only sell if price shows no respect for the .0301 zone. That means it freely plows through it. For example, most recently when price fell from 41 to 35... price action freely fell through 36, it didn't respect it like price action did around 38.

Only if it plows through it, I'll sell most (not all). If price continues to plow through .0288, I will sell all.

This is very different than saying I'm going to sell at .0301 or at .0288. If price action respects these levels appropriately I am still willing to hold at .028. For what it's worth, I have a buy order around .03, so it's not like I think that is some death trap zone. I don't expect price to plow through it.

"A man should look for what is, and not for what he thinks should be." -Albert Einstein

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