Edited by NAV, 09 January 2009 - 10:15 AM.
30-min sell update
Started by
NAV
, Jan 09 2009 10:13 AM
14 replies to this topic
#1
NAV
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Posted 09 January 2009 - 10:13 AM
That 30-min sell from 3 days ago is now about 40 points in profits. If one is at PMA (ask humble1 what that means lol), taking profits on 50% position here is not a bad deal. Otherwise, that 30-min sell which has now morphed into a swing sell is targetting 850 i.e a potential 80 points profits. But then big profits comes with a price (potentially giving away all profits). Have a good weekend !
#3
IndexTrader
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Posted 09 January 2009 - 10:42 AM
Nevermind...I just got finished read that dribble below. Evidently he has it "trademarked". Maybe we shouldn't be mentioning it. 
IT
IT
#4
NAV
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Posted 09 January 2009 - 10:45 AM
Nevermind...I just got finished read that dribble below. Evidently he has it "trademarked". Maybe we shouldn't be mentioning it.
IT
#5
ogm
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Posted 09 January 2009 - 11:06 AM
But now we are breaking below the 50 DMA, and some other supports.
#6
eminimee
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I don't care who's fur is flying...
Posted 09 January 2009 - 11:15 AM
just a chart...I'm not saying it's going to break or hold...I'll let time take care of that...FWIW ...I've drawn two lines from the Nov low through the Dec.29th low. I'm showing a candle chart here with the blue TL ....... but the red TL is actually drawn from the low on a line chart..
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#7
NAV
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Posted 09 January 2009 - 11:25 AM
Tea,
The blue line, which is the valid trend line has been already compromised. But because of the 30-min divergence, we may see some sideways action develop.
#8
eminimee
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I don't care who's fur is flying...
Posted 09 January 2009 - 11:29 AM
Well..to be the devils advocate...I've often seen a slight break of a TL and recovery as bullish..or bearish...if the situation was reversed...
...just throwing it on the table....as I said...time will tell.
#9
Russ
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Posted 09 January 2009 - 11:41 AM
Well..to be the devils advocate...I've often seen a slight break of a TL and recovery as bullish..or bearish...if the situation was reversed...
...just throwing it on the table....as I said...time will tell.
Time already has told. It's going down into the end of the month.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#10
vitaminm
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Posted 09 January 2009 - 11:45 AM
The market makers do take out support/resistance/stops!
ym...s@8420
Edited by vitaminm, 09 January 2009 - 11:50 AM.
vitaminm
