Replies to post #5742 on 123Tom's TA study group

[123tom]

good man,bill...



if I might offer an idea....
for stink bids, you have time to watch any downwave in the coming weeks, so its not necessary to place the bids just yet. 3.55 is a target area,as is 3.30. but theres time to sit and watch.
IF we see a plunge lets say from 4.00 ,the first likely target will be a retest of the 3.80.... I'll just watch that. then if theres more resistance kick in at 4 dollars and takes it plunging down again, maybe down the stair steps ,3.70 to 3.90, then to 3.60, then bounces to 3.75 then plunges to 3.50, etc,like the way it bleeds down in scallops of bounces and rolls over and plunges.... eventually, if it gets into that target zone 3.60/3.50/3.45 area, theres time to decide if I want to buy some at 3.45 target or not. Right now, I favor the 3.30 target as my starting point. I own too many shares already. I only want best bargains, and those might be at 3.30/3.15 area.
but theres time to plan the stink bids,a few days before they get in sight.
The other thing.... you have a stink bid at 3.27,thats under the 200ma. If anything, to be clever,I would place a stink bid just above the 3.30.