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Friday, October 04, 2013 11:41:38 AM
GU Hourly Chart
Here's the hourly zone I mentioned. Again, these zones were drawn in days ago. They're absolutely wonderful.
Notice that gray zone is where support used to exist right around that weekly blue line. Now that it's broken down hard, we know that institutional sellers abound at that level. The breakdown was fast and hard so we know that there are still tons of orders waiting to be filled on any retest of that level. So we need to do what they're gonna do...short the crap out of it when it gets back close to 1.6150.
Here's the hourly zone I mentioned. Again, these zones were drawn in days ago. They're absolutely wonderful.
Notice that gray zone is where support used to exist right around that weekly blue line. Now that it's broken down hard, we know that institutional sellers abound at that level. The breakdown was fast and hard so we know that there are still tons of orders waiting to be filled on any retest of that level. So we need to do what they're gonna do...short the crap out of it when it gets back close to 1.6150.
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