InvestorsHub Logo

pennies2007

08/30/13 12:45 PM

#121806 RE: Qui-Gon Kagi #121805

GU 4 Hour Chart

I closed where I did today because we got back to that long term bullish trend line support area. The market was likely to try to bounce there again so I covered my positions.

(As a side note, notice the STO at the bottom....moving up as price was moving down)

So what I want to see next is a confirmation breakdown of that trendline. When it breaks, I'll look for an opportunity to get back in short again.