InvestorsHub Logo

Breakout

02/27/12 7:41 AM

#4620 RE: zambia123 #4618

You do have a one that is swimming against the tide. Let us know what you decide and how it turns out. If you are thinking about buying in but not in yet, switch to the 60m chart and watch it setup. Actually a good excercise to watching things setup, but anyway, watch for the timing on the pinch play looks good for timing your buy. The 20m is fish-hooked up and about to cross the 100m and the 50ma is swooping and fish hooking to the upside. That little sideway price action is your buy sell channel, 4.35/4.15. A break and confirm about 4.35, you lose a penny on your option spread, and your off to the races to 5.00 and a break below 4.15 any you have a bust.

We really like to see it tell us that it going instead of quessing it is going. Money sitting in options is eroding.