Replies to post #45086 on lowtrade

[lowtrade]

The flag target is .44 not .50. But many times momentum will carry price beyond target. So picking .50 is reasonable, but the risk level closing as planned increases the farther above target you want.

Gold had a bad day , GLD had a bad day thus BAA followed. NOTE that gap below I had concern about got filled. This is good. Still strong watch IMO. Costs nothing to watch.

http://stockcharts.com/h-sc/ui?s=BAA&p=D&yr=0&mn=3&dy=0&id=p87245329443