Edited by hiker, 01 March 2007 - 01:13 PM.
CME
Started by
hiker
, Mar 01 2007 01:09 PM
4 replies to this topic
#1
Posted 01 March 2007 - 01:09 PM
any long players here like me that bought CME 3 days ago on selloff...note:
50 ema on 60 minute now being tested
60 min on a buy since yest
note Horiz. area of 547.46 on daily
head bumping right now near 549 which resides just above 50 ema on 60 minute...and 549 approx is Horiz R
50 day ema is near 553
I just sold longs and will reassess..about 7.5% move since the low 3 days ago...
#2
Posted 01 March 2007 - 01:16 PM
thanks Hiker...I caught some of that cme..also long GOOG via calls from 441..stop on break of TL
http://stockcharts.c...&...1&listNum=1
http://stockcharts.c...&...1&listNum=1
#3
Posted 01 March 2007 - 01:19 PM
TEA...thanks for GOOG info..,I have a feeling I sold CME too early but the intersection of H resist witht the MA's on the hourly and daily concern me...perhaps the easy money has been made..tough sledding from 549 to 553 plus??
#4
Posted 01 March 2007 - 01:20 PM
cme ..taking profits is a good idea as it still may have another low left
http://stockcharts.c...p...8699&r=4313
http://stockcharts.c...p...8699&r=4313
#5
Posted 01 March 2007 - 01:29 PM
thanks TEA
you may want to ck out 25.80 horizontal zone for MDRX...horizontal risk to about 22 on weekly..all prior downmoves to 25.80 in recent weeks have been bought...different this time now that near term daily support line is broken?
have done well trading this one and TZIX for swings...both in a stable biz without many competitors
MDRX note today's bactest of the rising tops t/l drawn off the Sept 05 high
Edited by hiker, 01 March 2007 - 01:37 PM.