Take a look at how today price action has ended the day. Isn’t it interesting that the daily bar appears to “sit” on the wall? Or should I say “price action” is sitting on the support?
Look at the hourly bar:
Let’s see if price action will take off from here tomorrow or fall off the wall like Humpty Dumpty…
On a side note, I’m now loaded up on Biotech stocks. 11 of my 14 positions are biotech related. My current position included LRAD, AMRN, USU, SZYM, DCTH, CUR, ZIOP, ATHX, GLUU, PACB, THLD, DARA, DNDN, RPTP, and 25% cash.
Trade well!Comments »