Thursday, August 26, 2010
Looks like we are trading in a range lately. It seems uncertainty does indeed have a range... and 1130 to 1040 looks to be it.
If we go back to July 7 - a day in which the buying was extremely aggressive and a day in which we broke the downtrend of the prior couple of weeks - 1036 is very strong intraday support. I also see 1052 as intraday support too. Just not as strong. Also, 1052 was a good support level for the weeks following - see highlights - and it was the 50% retracement from 1002 to the 1128 high. So, there are a couple of reasons that put the probability in your favour for a long there. I was confident for a long there but took half out on a 5 point breakdown.
Tuesday, August 24, 2010
Wednesday, August 11, 2010
Monday, August 2, 2010
Looked like a chance for a gap up. I liked how we held the 1097 spot at the end of the day. This adjusts my price to 1090. Took some profits out up here in the teens. I still think we can launch at some point.-
ya, I need to adjust that stop.