If we do enter into a recession, do you honestly think people will be bidding up this stock?
Joined Jan 27, 2008
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Cajun, quick, add a 50 day avg. to that chart.
Bam! There’s your short entry!
You have to watch that 200 day. I think the professionals suck in a lot of shorts looking for a breakdown and then squeeze them. Note CRM.
I like to use the 200 day just like the 50. Wait for a solid break of it, then when the stock retraces back up to it, and can’t retake the avg., short the piss out of it.
Woody,
True indeed. After the comments last night, I looked at a few charts and noticed that pattern.
Will be checking it out, thanks for comments.
Careful. I think the key is when it retraces back to the 50 dma. I’m thinkin it will break up. It’s hard to say no to kids. We shall see.
Woody, added the longer term chart to see the 50 MA. The entry was beautiful when it touched.
Charts are like Santa Claus: all make believe.
Who doesn’t love santa
Shorted it jesterday.
Who doesn’t love charts?