It got a 1/2 day rally.
Eager shorts may want to wait for it to stop going up before shorting.
http://stockcharts.com/c-sc/sc?s=$TICK&p=5&yr=0&mn=0&dy=21&i=p30098204302&a=111513787&r=1419.png
Edited by Rogerdodger, 25 February 2011 - 10:05 AM.
Very similar to Feb 1st gap up
Started by
Rogerdodger
, Feb 25 2011 10:03 AM
4 replies to this topic
#1
Rogerdodger
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Posted 25 February 2011 - 10:03 AM
The Feb 1st gap up was preceded by almost identical Negative tick as well as very similar Sentiment.
It got a 1/2 day rally.
Eager shorts may want to wait for it to stop going up before shorting.
http://stockcharts.com/c-sc/sc?s=$TICK&p=5&yr=0&mn=0&dy=21&i=p30098204302&a=111513787&r=1419.png
It got a 1/2 day rally.
Eager shorts may want to wait for it to stop going up before shorting.
http://stockcharts.com/c-sc/sc?s=$TICK&p=5&yr=0&mn=0&dy=21&i=p30098204302&a=111513787&r=1419.png
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#2
orange
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Posted 25 February 2011 - 10:34 AM
Eager shorts may want to wait for it to stop going up before shorting.
"When your position is underwater, average down" - Professional Trader
#3
Rogerdodger
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Posted 25 February 2011 - 10:45 AM
Eager shorts may want to wait for it to stop going up before shorting.
Glad you got my tongue in cheek humor.
We may be getting there as the pink colored BB is extremely high now, just as it was when the Feb. 1st gap up began to fizzle.
The 1320ish area is now acting as a bit of resistance.
Edited by Rogerdodger, 25 February 2011 - 11:10 AM.
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#4
TechMan
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Posted 25 February 2011 - 11:41 AM
Except for some insignificant minor details such as there were over 200 New Highs at about this time of the day on Feb 1; there are fewer than 80 right now. And, the trading volume is off by about 30% comparing to the same time on Feb 1.
#5
Rogerdodger
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Posted 25 February 2011 - 11:51 AM
There are always differences. Lot's of them. (Including the fact that the Middle East is on fire now!)
I pointed out 2 similarities.
Here's a 3rd (as posted above): "We may be getting there as the pink colored BB is extremely high now, just as it was when the Feb. 1st gap up began to fizzle."
Edited by Rogerdodger, 25 February 2011 - 11:57 AM.
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
