On the 1-minute scale it looks like the expected retracement is happening, with about 1/3 of the earlier gain today eliminated. Not to worry, though, because the decline is on relative lower volume.
Type: Posts; User: PMO
On the 1-minute scale it looks like the expected retracement is happening, with about 1/3 of the earlier gain today eliminated. Not to worry, though, because the decline is on relative lower volume.
OK, I had to peak at the 5-minute scale again and guess what, another ascending triangle is trying to form, with resistance at about .22 ... and recall that an upward breakout occurs 70% of the time...
I'm probably monitoring too closely and should just do so at the weekly scale, because right now the pattern I mentioned above appears busted and it seems some horizontal consolidation is going on. ...
On the 10-minute scale and starting at 10:30 a.m., we have what appears to be an ascending triangle pattern forming. We only have a couple of price touch points to work with so far and price is near...
Looks like a pause right now, but price is moving gradually again toward resistance at .23. It would be a good sign if .23 became the support level today.
when the sp was 17.5 on wednesday I was -84.89%. Right now my position is -80.85%, an improvement of 4.04% in my position. Are we screwed? Many of us remain so, but a morning like this one makes...
One quick caution ... price climbed a flag pole, moved up fast, this morning so watch for retracement. Still, compared to Wednesday's close we've already seen a 30% gain this morning. I would be...
I don't want to come across as optimistic when I'm still relatively pessimistic about the stock getting out of its hole, but set the time scale on your trader software to hourly over two weeks, and...