Joined Apr 1, 2010
8,861 Blog Posts
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In my opinion resistance/support is great when price action moves toward then quickly away. The longer we sit around support the higher the probability we break down.
Im looking at a lot of individual names that have just given fake breakouts. As you know, from failed moves come fast moves. Im quite surprised you did not mention this. That said I appreciate your positive attitude.
It’s a good pt. There are plenty of things I want to mention in the recaps but I almost always limit to 5 minutes for the sakes of not dragging on. I’ll look at more charts tonight.
Cheers
Solid Chess– Thanks for the recap
Could feel a little fear today for first time in a month.
http://clearstation.etrade.com/cgi-bin/bbs?post_id=9895886
back to the old pattern of washing out Wednesday and Thursday the week prior to options exp? A great MA is the 233 in 15 minute