Jump to content



Photo

Well here we are at the 50 MA


  • Please log in to reply
No replies to this topic

#1 dcengr

dcengr

    Member

  • Traders-Talk User
  • 13,391 posts

Posted 26 May 2011 - 02:13 PM

The best fighting territory to paint the tape to see if the weekly is down or not and whether it is above the weekly close trendline or not.. and whether it closes the week below 50 or above 50.. And ofcourse near gap fill.. All head of a long weekend with Greece fears, tornados, floods.. Talks of mini-crash.. wave 3 melt up.. And now at the last hour before close.. I think they will park it right here and make everyone that much more nervous before they head off into the weekend. Oh and can it get any better that it is right in the middle between the previous highs at 134x and 130x? And a gap up or down would just about wipe out all profits even if you had picked the exact top or bottom?

Edited by dcengr, 26 May 2011 - 02:16 PM.

Qui custodiet ipsos custodes?