I nibbled on a few Friday.
last three days may have built a bull flag.
I'll stay 2-3% lower or 3-4 days, which ever comes first.
Like I said, if it's any good, I think it's time has arrived now.SRSL 1 yr
http://stockcharts.c...a=124133135.png
Anybody for a descending wedge play
Started by
ronkw
, Dec 24 2007 01:13 AM
4 replies to this topic
#2
diogenes227
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Posted 24 December 2007 - 12:50 PM
I nibbled on a few Friday.
last three days may have built a bull flag.
I'll stay 2-3% lower or 3-4 days, which ever comes first.
Like I said, if it's any good, I think it's time has arrived now.SRSL 1 yr
http://stockcharts.c...a=124133135.png
Shouldn't you wait until it comes across the top line of the wedge with some volume?
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#4
mss
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I'M WATCHING
Posted 24 December 2007 - 03:00 PM
trendlines didn't come thru on the first post, trying again.
SRSL
Here is your chart.
http://stockcharts.c...3135&r=9894.png
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#5
ronkw
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Posted 26 December 2007 - 08:49 AM
thanks mss
diogenes,
it's been my experience with these types of formations that a catalytst will hit them. It typically will gap up
5-7%, (then run another 8-10-12%) so you have to be in it before that event occurs. They happen quickly.
The risk is they sometimes gap down, below the LDTL.
Expecting resolution soon. I think this one's ready to pop.
