Replies to post #8568 on 123Tom's TA study group

[Citrati]

On MRKR I want more confirmation than I currently see. Price has been below the daily 4ema now for 9 straight trading candles. It at least needs to flatten and let price close above. This could be a bottom, but the risk of testing $5.01 or lower still is too great for me to enter yet. 5minute is rolling over and last 2 5minute volume bars are decidedly red. Of all the charts the hourly is the best looking, but I want to see some follow through tomorrow.

With the Fed on tap Wed that introduces a volatility issue I don't want to ignore. I continue to slap my buy hand for now.
Don't disagree with anyones recent buys.
What good are my rules if I don't follow them? LOL

Green Trades

[drenos2]

First MRKR tranche filled at 4.80 and even with that I'm not comfortable. As I said before, the shorts are relentless. We've seen it before -- CTIX>IPIX, AVXL, now MRKR. Tom your math provides more reliable targets than my personal experience, but strong moves often overshoot. I thought a 4.80 stink bid would take time to hit,-- nope. Now I need to decide on the next tranche.