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Friday, October 1, 2010
GMCR drifting
Markets are drifting at the moment, better to take a little profit and wait for what happens. The perfect Machiavellian plan would be to run it up to new highs and kill the shorts.
Acute - and interesting - observation on the drift. I can see myself in optimistic short mode, the candle finished close to the prior low and the Q's were coming off some resistance.
Mind if I ask what clued you in? Declining volumes and failure to break the prior low? Whatever it was, it was exactly right.
DTF- well the last two trades in it did not work even though the signals were there. it just wasn't following through. that happens sometimes after a beauty break and bounce like it had earlier. I dunno what happens , maybe "they" are trying hard to stabilize it after clearly losing the ability eariler.
3 comments:
beauties! money to be made everyday, just need to find it.
Acute - and interesting - observation on the drift. I can see myself in optimistic short mode, the candle finished close to the prior low and the Q's were coming off some resistance.
Mind if I ask what clued you in? Declining volumes and failure to break the prior low? Whatever it was, it was exactly right.
DTF- well the last two trades in it did not work even though the signals were there. it just wasn't following through. that happens sometimes after a beauty break and bounce like it had earlier. I dunno what happens , maybe "they" are trying hard to stabilize it after clearly losing the ability eariler.
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