Replies to post #1445 on Bull Warrior Stocks

[Tarheel-Blue]

Hi Moneycru, Thats a good question that I would answer like this. You don't have to wait till close to make sure it holds over, but you do want to make sure it holds for more than a second or two. You really have to use your judgement on this. This is where level 2 service comes in handy. You can see how many are on the bid and how many are on the ask. If you see there are more on the bid than there are on the ask then your pretty safe. If there are more on the ask than on the bid then Its better to wait. Just remember, If you just broke a tough resistance point, That resistance now becomes support because everyone lined up to sell at that price is gone, meaning buyers are likely feeling good about buying now that resistance has been broken. If you don't have level 2, then watch to see if buys are out numbering sells, which they should be. Hope this answers your question and is not too confusing. If you have any other questions, feel free to ask.