Radiomuse
288 posts
msg #71544
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2/19/2009 1:33:32 PM
Okay thanks, my 1.04 bands are matching up with yours. Just gotta read up on how to use/interpret BB's.
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johnpaulca
12,036 posts
msg #71545
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2/19/2009 1:38:00 PM
Check out IVN...look how nice the 1.04 acts as support while BB1.68 -resistance
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Radiomuse
288 posts
msg #71547
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2/19/2009 2:07:15 PM
Really nice with IVN! But would you be able to use that to pick an entry point today? It opened so strong and seems like all the indicators have been showing overbought all day.
AUY just moved above the 1.04, along with a 10/60 cross, RSI below 30, etc...so long now? (or at least covering the short?)
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johnpaulca
12,036 posts
msg #71548
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2/19/2009 3:27:54 PM
just came back from a spinning class from hell. Before making your entry look at TWM and see if it's overbought before pulling the trigger.
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johnpaulca
12,036 posts
msg #71549
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2/19/2009 3:34:24 PM
TWM...I will short into strength@81.90 with a stop at 82.16
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johnpaulca
12,036 posts
msg #71550
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2/19/2009 3:46:21 PM
TWM...stopped out...will try again shortly
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Radiomuse
288 posts
msg #71552
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modified |
2/19/2009 4:15:43 PM
Cool, thanks for the tips - will be trying to play the leveraged ETF's again tomorrow. (instead of just watching FAZ rocket up today)
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Eman93
4,750 posts
msg #71580
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2/20/2009 8:55:57 AM
Godbless FAZ is gona gap up big again....
I just dont like trading the gap ups or the breakaway gaps... my forcast is the market is going lower but for a day trade anything can happen.
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johnpaulca
12,036 posts
msg #71581
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2/20/2009 9:14:49 AM
If it gaps up, it will a nice short opportunity. It's become pretty overbought and could get back to $73ish pretty quickly.
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Eman93
4,750 posts
msg #71583
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2/20/2009 9:35:02 AM
FITB I missed my entry at 1.06 could run?
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