HOME FORUMS BROKERS SOFTWARE BOOKS CONTACT US
Elite Trader Your Account  •  Become a Member  •  Help  •  Search    
    Forums ›› Main ›› Stocks ›› Trouble in Bear-Land  


Post A Reply
    Page 2 of 2:   1   2  
macattack
 

Registered: Oct 2007
Posts: 451

 

09-14-12 05:13 PM

[QUOTE]Quote from RedTankEra:

Completion.

This is where you begin to look for an exit and patiently wait for the reversal signal.

Now the battle to turn the red into support or resistance begins.

Don't get caught in the barbwire, examine the clear winner after they are done shooting each other in the heads.
[/QUOTE

If you had to guess will the red become support or resistance?

    Edit/Delete Quote Complain
RedTankEra
 

Registered: Feb 2012
Posts: 252

 

09-14-12 05:35 PM

Mac,

I don't guess, I would need to see more bar data to make that decision.

Before the Fed spoke my guess would had been it stops around the red return line, now that the crazy Bubble Ben went all in at resistance, that changes the dynamics completely.

All I can tell you is that so far no signal to sell has been given and should the red become support the next magnet is attached.

It's too early to say otherwise.

last.png
This has been downloaded 64 time(s).

    Edit/Delete Quote Complain
    Page 2 of 2:   1   2  
Post A Reply


Receive an email whenever a new post is added to this thread by subscribing to it.
 
Rate This Thread:

Forum Jump:
 

 

   Conduct Rules  -  Privacy Policy  -  Day Trader -  Day Trader Forum -  Best Trading Software -  Sitemap Copyright © 2013, Elite Trader. All rights reserved.    
 
WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Brokerage & Clearing
AMP Global Clearing
Futures and FX Trading
Bright Trading
Professional Equities Trading
CTS
Futures Trading Software
DaytradingBias.com
Professional Trading Analytics
ECHOtrade
Professional Trading Firm
eSignal
Trading Software Provider
FXCM
Forex Trading Services
Global Futures
Futures, Options & FX Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
MB Trading
Direct Access Trading
MultiCharts
Trading Software Provider
NinjaTrader
Trading Software Provider
OANDA
Currency Trading
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thinkorswim by TD Ameritrade
Direct Access TradingAdvertisement
TradersStudio
System Building & Backtesting
Trading Technologies
Trading Software Provider
Trend Following
Trading Systems Provider