You just described HALF of the posters on ET, and three-quarters of the people that post in the TRADING FORUM.
Things are looking good here. Nice upward channel that held so far. Dow 8900 by close? Maybe 8888 since it likes weird numbers like that. EDIT: now comes the dump
As long as the BO is on lower volume I think it's ok. I've established my long position and I really don't want to get stopped out again on Monday. It's a pain watching all day trying to re-enter..
Oh well, my long from 872 was stopped out at 992. 20 point gain was up more than 40 at one point. oh well. Have a good weekend all.
Me too I stopped out as well, but there is a support at 890 that has been active for several days now. So I put a buy limit at 890 and got filled. If it holds above 890 that is positive. If not I'm out. What a pain fighting all day to get in at the right time and then getting stopped out..
not sure if it was a false breakdown or not.. they could have tricked us. Anyone know what this candlestick formation is? It was a harami but now the high is sticking out..