Thursday, August 19, 2010

Waiting Here

I was just about to pull the trigger intraday but decided to wait for the final hour to buy.  Unfortunately, we have rallied a bit so I will not buy here.  Instead, I will wait to see if we can see some selling from the open tomorrow morning to buy into.  I still believe there will be back and forth trading between 1070 and 1100 till the end of the month.  Any marginal breaches of the range (less than 5 points) will be good fade opportunities.

8 comments:

Petsamo said...

I'm hoping we gap down tomorrow. If we get a significant gap down, I'll go 100% long.

Anonymous said...

Wouldn't do that ... look at COMP and RUT - right at the neckline of a H&S on daily chart. Usually gaps down, test neckline and breaks. Jammy.

BTW : we still r waiting 4 u to join the chat !

Anonymous said...

come come back...petsamo...ftv is waiting for you ...ho ho ho

Anonymous said...

Petsamo come to www.chat4traders.com. You don't have to use u'r real name.

Anonymous said...

Petsamo,

here is link to the chat http://chat4traders.com/Chat4Traders_Invitation.html

We really miss u Petsamo.

Anonymous said...

thx for the link - joined the chat ! Looking forward meeting u there guys ! Jammy

Petsamo said...

I joined cha4traders. See you guys there.

Petsamo said...

Regarding chat4traders, bloodwine the moderator, does not like me. I'm out of there.