4 replies to this topic

[hiker]

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...

Edited by hiker, 01 March 2007 - 01:13 PM.

[eminimee]

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

[hiker]

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??

[eminimee]

cme ..taking profits is a good idea as it still may have another low left
http://stockcharts.c...p...8699&r=4313

[hiker]

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.