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Replies to #34962 on lowtrade

lowtrade

01/02/13 1:15 PM

#34967 RE: geosp724 #34962

It's all about the share structure held by big guys and volume traded during the move. The owner holds enough for continuation with the last 30 days volumes. I'm expecting a 3 month Temp Job with Jan month 2.

Matters not what expectations are. Trade the patterns seen. Ascending triangle target of .875 has not been reached yet. IMO today was just an emotion gap fill. Hoping this low volume red day will calm all playing for .88 target. And continuation to follow.

The trade plan.
Entry at .70 ascending triangle break to .88 (25%) target, acceptable loss .61 (12.5%)