However be very careful, look at this chart.
Can the step down continue?
Any comments?
HUI
Did any one listen?
Started by
Thunders
, Apr 20 2004 05:49 PM
12 replies to this topic
#11
Thunders
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- Traders-Talk User
- 32 posts
Member
Posted 22 April 2004 - 06:01 PM
Yes it does feel good to bounce, and several stocks can make you money.
However be very careful, look at this chart.
Can the step down continue?
Any comments?
HUI
However be very careful, look at this chart.
Can the step down continue?
Any comments?
HUI
#12
The_Gold_Miner
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- Traders-Talk User
- 140 posts
Member
Posted 22 April 2004 - 07:10 PM
Yep... we can still go down more but for a longer term trade I think that doing a few partial buys in this area is ok.. (Don't forget your stop loss program -- nothing is for sure 
)
)
#13
teki
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- Traders-Talk User
- 707 posts
Member
Posted 22 April 2004 - 07:40 PM
Room to move is correct. As shown there, green 4 could go all the way up 101 without overalping green wave 1. But a more reasonable target is around the area of the prior degree 4th wave or 95'ish. The exit for longs here will be tricky, because a big retracement here is going to feel like the next wave up (which it might be). Got to take it one day (or maybe one hour) at a time.
