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BCE

Registered: Sep 2002
Posts: 4035

02-21-12 07:03 PM

Quote from NoDoji:

It was a standard trend line breakout, draw the UTL on the 5-min chart - 9:00 high across 11:30 high (EST). When it gapped up through the TL, I just hit the buy button, quite a few ticks away from where a nice clean pullback entry would've been, but heck there was that measured move target waiting on the daily chart:

Unfortunately I was off doing other things. Oh, well.

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BCE

Registered: Sep 2002
Posts: 4035

02-21-12 07:06 PM

Quote from BCE:

As bullish as the overall market's been, if crude keeps climbing that will put pressure on the indices. See what happens.

This may be kicking in now.

ADD: Also if you've been around for a while you know that the 1000 level markers on the Dow almost always provides an initial ceiling which it hits and retreats from or bounces off of when it's selling off.

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ammo

Registered: Feb 2007
Posts: 18258

02-21-12 07:09 PM

05 12 is that yellow tl

2012-02-21-tos_charts.png 5 12.png
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BCE

Registered: Sep 2002
Posts: 4035

02-21-12 07:21 PM

I did make money shorting TF. At least I got that one right.

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riskaddict

Registered: Oct 2006
Posts: 1828

02-21-12 07:30 PM

pussy ass bulls. Shorting a QM to hold over night. Cover at 105.20 add at 106.70

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Zr1Trader

Registered: Dec 2010
Posts: 1538

02-21-12 08:12 PM

Would like to see 104.50

Double Top, Divg, Long shadows, looks like its running on fumes from a purely technical basis.

feb 22 cl.jpg
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