Saturday, February 11, 2006 8:46:17 AM
Next play Stoch & Resistance
I still believe we are in a down trend. but here is a chart setting up for the Stoch Play or resistance. The lines have been drawn. We are about to break. longs/shorts Set your intraday sell orders at resistance (line-A). Cover short or hold long position above resistance only if you get stoch support confirmation (C.)
your sell numbers are 41.40 41.50, take the shot, if you have a target. You also have greed intraday numbers above the red-line. That is a good place to short (if you have a short play)
I do not believe we'll cross the red line. But am ready to change (mind set). If we do, i will need supporting action from stoch and macd histos. So, prepare your-selfs for red or blue break. RSI-5 traders know what ya gotta do.
we are definitely at a crossroads, take the shot if you have one and don't be cemented in your bull/bear thoughts.
I still believe we are in a down trend. but here is a chart setting up for the Stoch Play or resistance. The lines have been drawn. We are about to break. longs/shorts Set your intraday sell orders at resistance (line-A). Cover short or hold long position above resistance only if you get stoch support confirmation (C.)
your sell numbers are 41.40 41.50, take the shot, if you have a target. You also have greed intraday numbers above the red-line. That is a good place to short (if you have a short play)
I do not believe we'll cross the red line. But am ready to change (mind set). If we do, i will need supporting action from stoch and macd histos. So, prepare your-selfs for red or blue break. RSI-5 traders know what ya gotta do.
we are definitely at a crossroads, take the shot if you have one and don't be cemented in your bull/bear thoughts.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
