i started scaling into ANN towards the close today... this is on of only a handful of indiv. stocks i play with... march 25 calls... still enough time left for a double here... hourly close below the bottom horizontal channel... will close out...
http://stockcharts.c...42131&r=870.png
http://stockcharts.c...9478&r=8840.png
Ann Taylor (ANN)
Started by
TheArchitect
, Mar 14 2008 08:06 PM
2 replies to this topic
#2
kwest
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Posted 14 March 2008 - 09:54 PM
Ann could be having a sale next week. I would wait before scaling in.
Many of the indicators are pointing down. And although the gap on your 60 min looks tempting, doesn't the chart look like we're at the start of wave 3 of wave 5 (down)?
Maybe $18 would be a better place to start shopping.
http://stockcharts.c...2007&r=5233.png
Many of the indicators are pointing down. And although the gap on your 60 min looks tempting, doesn't the chart look like we're at the start of wave 3 of wave 5 (down)?
Maybe $18 would be a better place to start shopping.
http://stockcharts.c...2007&r=5233.png
When in doubt, cash it out.
#3
TheArchitect
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- TT Member+
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Posted 15 March 2008 - 10:29 AM
i can't comment on the wave counts... over my head... 
i probabaly shouldnt have posted the daily chart... just wanted to show the support being held... the hourly's my game here... which tells me a slightly different picture for the next couple days ahead... we shall see... 
i probabaly shouldnt have posted the daily chart... just wanted to show the support being held... the hourly's my game here... which tells me a slightly different picture for the next couple days ahead... we shall see...
