We will srape the top of the rising wedges on most indexes today, right at or below major resistances. It sure looks like the wedges will break to the upwardside, and soon. Do we trade lower today after an initial test? Fool that I am, I sold my calls friday and I need to re-enter. I'm thinking there will be shorts piling on, and if I wait a day or two I'll have a better entry.
GD
If it's so obvioul we go up, do we go down first?
Started by
gorydog
, Apr 16 2007 08:13 AM
1 reply to this topic
#2
hedgehawk
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- Traders-Talk User
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Posted 16 April 2007 - 08:22 AM
We will srape the top of the rising wedges on most indexes today, right at or below major resistances. It sure looks like the wedges will break to the upwardside, and soon. Do we trade lower today after an initial test? Fool that I am, I sold my calls friday and I need to re-enter. I'm thinking there will be shorts piling on, and if I wait a day or two I'll have a better entry.
GD
Discipline..........
